BeWhere Holdings Inc. Has Closed the First Tranche of Previously Announced Non-Brokered Private Placement
Funds to be Used to Accelerate Growth
Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) is pleased to announce that it has closed its’ first tranche of the non-brokered private placement of Common Shares by the issuance of 6,165,000 Common Shares at a price of $0.30 per Common Share for gross proceeds of $1,849,500.
The net proceeds of the private placement, plus existing cash and other working capital, will be used, in part, to fund the commercialization of the Company’s new NB-IOT and LTE-M Mobile IOT environmental sensing and asset monitoring solutions and for general working capital purposes. The Company expects to launch the new products and provide them to existing partners and resellers in the fourth quarter.