Medworxx Announces Closing of a Non-Brokered Private Placement

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[{"type":"text","content":"\n\n\n\nTORONTO, July 10 /CNW/ - Medworxx Solutions Inc. ("Medworxx")(TSXV: MWX)\nis pleased to announce the closing of a non-brokered private placement of\n1,250,332 units at $0.17 per unit for aggregate gross proceeds of up to\n$212,480 (the "Private Placement"). Each unit is comprised of one common share\nand one-half of one common share purchase warrant, with each whole warrant\nentitling the holder to acquire one Medworxx common share at $0.26 for 24\nmonths.\n\n\nMedworxx intends to use the net proceeds from the Private Placement for\ngeneral working capital purposes.\n\n\nAbout Medworxx:\n\n\n---------------\n\n\nMedworxx, the makers of strategic software platforms that hospitals use\nto communicate, aggregate, and analyze knowledge, has been capturing the power\nof hospital knowledge since 2004. Medworxx' products are used by more than\n200,000 users at over 150 hospitals across North America. Headquartered in\nToronto, Ontario, Medworxx trades on the TSX Venture Exchange under the symbol\nMWX.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\nCautionary Note Regarding Forward-Looking Statements\n\n\nThis press release contains forward-looking statements. Often, but not\nalways, forward-looking statements can be identified by the use of words such\nas "plans", "expects" or "does not expect", "is expected", "estimates",\n"intends", "anticipates" or "does not anticipate", or "believes", or\nvariations of such words and phrases or state that certain actions, events or\nresults "may", "could", "would", "might" or "will" be taken, occur or be\nachieved. Forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of Medworxx to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking statements, such as costs of sales, general economic\nconditions, the success of marketing and competition from competing suppliers\nand businesses. Actual results and developments are likely to differ, and may\ndiffer materially, from those expressed or implied b...

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