BeWhere Holdings Inc. Has Closed the Final Tranche of Previously Announced Non-Brokered Private Placement
Toronto, Ontario (FSCwire) – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) is pleased to announce that it has closed its final tranche of the non-brokered private placement of Common Shares. The aggregate total of 7,165,000 Common Shares at a price of $0.30 per Common Share have been issued pursuant to the private placement, for total gross proceeds of $2,149,500.
The 1,000,000 Common Shares issued on the final tranche of the private placement are subject to a statutory four month hold period, which expires February 12, 2018. Finders’ fees have been paid in cash in an amount equal to 6% of the gross proceeds from the sale of some of the Common Shares issued on the final tranche of the private placement.
BeWhere (TSXV: BEW, OTCQB: BEWFF) is an Industrial Internet of Things (“HOT”) solutions company that designs and sells hardware with sensors and software applications for environmental sensing and to track real-time information on assets. The Company develops mobile applications, middle-ware and cloud based solutions that stand-alone or that can be readily integrated with existing software. Its solutions enable end-users a level of operational visibility that is more easily accessible and significantly easier to implement than in the past.
ON BEHALF OF THE BOARD
“Owen Moore” CEO & Director
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.
We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
BeWhere Holdings Inc. (the “Company“) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Owen Moore at +1 (844) 229-4373 or firstname.lastname@example.org