Business
OneMove Technologies Closes Bridge Financing
OneMove Technologies Closes Bridge Financing.
About this update from Osisko Metals Incorporated
[{"type":"text","content":"\n\n\n\nVANCOUVER, April 12 /CNW/ - OneMove Technologies Inc. ("OneMove" or the\n"Company") (TSX.V: OM) is pleased to announce that it has closed its\npreviously announced $500,000 bridge financing with GC-Global Capital Corp.\nThe Company intends to repay the bridge loan from the proceeds of the\nCompany's previously announced brokered private placement with Cormark\nSecurities Inc. (formerly Sprott Securities Inc.) (the "Private Placement").\n\n\nThe bridge loan bears interest at 12% per year, calculated and payable\nmonthly and is secured by a general security agreement over all present and\nfuture movable property of the Company and OneMove Online Systems Inc. (the\nCompany's wholly-owned subsidiary), a share pledge of 100% of the shares of\nOneMove Online Systems Inc., and a personal guarantee from Mr. Martin Johnson,\nthe Company's President and CEO. The loan is repayable at the earlier of\nOctober 4, 2007, and the closing of the Private Placement. In consideration\nfor providing the guarantee, the Company issued Mr. Johnson 125,000 common\nshares at a deemed price of $0.40 per share. The Company has also engaged\nGC-Global Capital Corp. for one month to provide financial advisory services\nin consideration for 125,000 common shares of the Company.\n\n\nAbout OneMove www.onemovetech.com\n\n\nOneMove is a one-stop shop designed to simplify moving, from a paperwork\nand legal red tape standpoint. It currently operates in the British Columbia\nand U.K. markets. OneMove facilitates efficient communication between parties\nsuch as lawyers, conveyancers, realtors and buyers and sellers. OneMove's U.K.\noperation also offers a one-stop online shop for home buyers to access real\nestate listings, its unique insurance product, and its association of realtors\nand solicitors (www.onemove.com).\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00023118E\n\n\n","length":2058,"tagName":"div"}]