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Renoworks announces revised terms for proposed private placement of units
Renoworks announces revised terms for proposed private placement of units Canada N...
About this update from Renoworks Software Inc.
[{"type":"text","content":"\n\n\n\nRenoworks announces revised terms for 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, June 14, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES./\nUp to $750,000 for operations expansion and talent acquisition\n CALGARY, June 14, 2019 /CNW/ - Renoworks Software Inc. (TSXV:RW) (\"Renoworks\"), the leading visualizer platform for the home remodeling and construction industry, announces that it is revising the terms of its previously announced proposed private placement and now intends to complete a private placement (the \"Private Placement\") to raise up to $750,000 via the issuance of up to 2,500,000 units (each a \"Unit\") at a price of $0.30 per Unit.  \nEach Unit is comprised of one common share in the capital of Renoworks (a \"Common Share\") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). \nEach whole Warrant entitles the holder to purchase one Common Share at a price of $0.40 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 ExpansionGrowth 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 Desig...