TORONTO, ONTARIO–(Marketwired – Aug. 25, 2016) – BeWhere Holdings Inc. (TSX VENTURE:BEW) (“BeWhere” or the “Company”) designs and manufactures Bluetooth beacons that in combination with mobile applications, middle-ware and cloud based solutions, provide users with real-time information on the condition and location of their items in transit or at facilities.
The Company is pleased to make the following announcements:
Non-brokered private placement.
A proposed non-brokered private placement of 1,333,333 units of the Company (the “Units“) at $0.15 per Unit for net proceeds of $200,000 (the “Offering“). The offering will be fully subscribed and placed with Owen Moore and Chris Panczuk, directors of the Company.
The Each Unit will consist of one common share in the capital of the Company (a “Share“) 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 for a period of 36 months from the closing of the Offering. The net proceeds from the Units will be used for general corporate working capital.