Business
OneMove Closes $8.0M Brokered Private Placement
OneMove Closes $8.0M Brokered Private Placement.
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 4 /CNW/ - OneMove Technologies Inc. ("OneMove" or the\n"Company") (TSX.V:OM) is pleased to announce that on May 4, 2007, it closed\nthe brokered private placement announced April 11, 2007 to raise gross\nproceeds of $7,999,920. The Company, through Cormark Securities Inc. (formerly\nSprott Securities Inc.) and Canaccord Capital Corporation as agents, sold\n22,222,000 shares at a price of $0.36 per share.\n\n\nAll of the securities issued under the private placement are subject to\nhold period of four months expiring on September 5, 2007.\n\n\nCompletion of the private placement was subject to the Company completing\nthe acquisition of the remaining 27.5% interest in the Company's UK\nsubsidiary, One Move Limited. The Company completed this acquisition on May 3,\n2007 and One Move Limited is now a 100% owned subsidiary of the Company.\n\n\nThe net proceeds from the private placement will be used for working\ncapital required to expedite UK sales and for general corporate purposes\nincluding the purchase of capital assets, continuing research and development\nand repayment of debt.\n\n\nIn connection with the private placement, the Company paid the agents a\ncash commission equal to 7% of the gross proceeds raised of the private\nplacement. The agents also received share purchase warrants to purchase up to\n1,555,540 common shares of the Company (equal to 10% of the total units sold\nby the agents), exercisable at a price of $0.36 per common share until May 4,\n2009.\n\n\nAbout OneMove Technologies. www.onemovetech.com\n\n\nOneMove began its business by developing a sophisticated software program\nthat brought innovative advantages for all involved in British Columbia's real\nestate market, a Canadian province where real estate transactions were already\nnear perfectly executed. OneMove then entered the market in the United Kingdom\noffering 'one-stop shop' services designed to simplify all aspects of buying\nand selling a home. OneMove currently operates in the British Columbia and\nU.K. markets. OneMove facilitates efficient communication between parties such\nas lawyers, conveyancers, realtors, lenders, buyers and sellers. OneMove's\nU.K. operations also offers a one-stop online shop for home buyers to access\nreal estate listings through the largest property search portal, its unique\...