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Renoworks Announces Proposed Private Placement of Units
Renoworks Announces Proposed Private Placement of Units Canada NewsWire CALGARY,...
About this update from Renoworks Software Inc.
[{"type":"text","content":"\n\n\n\nRenoworks Announces Proposed Private Placement of Units\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 10, 2019\n\n\n\nUp to $1 million for operations expansion and talent acquisition\n CALGARY, May 10, 2019 /CNW/ - Renoworks Software Inc. (TSXV: RW)(\"Renoworks\") the leading visualizer platform for the home remodeling and new home construction industry, is pleased to announce that it intends to complete a private placement (the \"Private Placement\") to raise up to $1,000,000 via the issuance of up to 2,857,142 units (each a \"Unit\") at a price of $0.35 per Unit.\nEach Unit is comprised of one common share in the capital of Renoworks (a \"Common Share\") and one common share purchase warrant (a \"Warrant\").\nEach Warrant entitles the holder to purchase one Common Share at a price of $0.45 per Common Share at any time prior to 4:00 p.m. (Mountain Standard Time) on the date that is twenty-four (24) months following the closing date of the Private Placement.\nThe Common Shares and Warrants issued in connection with the Private Placement will be subject to a four (4) month hold period from the closing date, as prescribed by TSX Venture Exchange and applicable securities laws. The closing of the Private Placement is subject to receipt of subscription agreements from suitable investors and receipt of TSX Venture Exchange approval.\n2019/2020 Expansion\nGrowth trends in the home remodeling and construction industry, and increased integration of digital technologies among building product companies has translated into growing demand for visualization solutions and ancillary services. Renoworks year-over-year strong performance provides strong indication that these trends will continue as more of the industry embraces its solutions. \n\"Demand for our Design Services has grown in the short few years since its inception,\" stated Doug Vickerson, CEO of Renoworks. \"We are now supporting some of the top building product manufacturers in the world through this group and will continue to do so to better del...