TORONTO, ONTARIO–(Marketwired – Sept. 16, 2016) – BeWhere Holdings Inc. (TSX VENTURE:BEW) (“BeWhere” or the “Company”), is pleased to announce that further to its news release dated August 30, 2016 it has closed a non-brokered private placement of 8,533,332 Units (the “Units”) of BeWhere at a price of $0.15 per Unit for gross proceeds of $1,280,000. Of the total gross proceeds, $200,000 was subscribed by Owen Moore and Chris Panczuk, directors and officers of the Company.
Each Unit consists of one common share in the capital of the Company and one half share purchase warrant (a “Warrant“). Each full Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.25 per Warrant Share, on or before September 15, 2019. The net proceeds from the Units will be used for general corporate working capital.