BeWhere Holdings Inc. Announces a Non-Brokered Private Placement Funds Raised to Accelerate Growth
TORONTO, ON, SEPTEMBER 18, 2017 – BeWhere Holdings Inc. (TSXV: BEW, OTCQB: BEWFF) (“BeWhere” or the “Company”) an Industrial Internet of Things (“IIOT”) solutions company announces that it proposes to offer by way of a non-brokered private placement up to 7,000,000 common shares (“Shares”) at a price of $0.30 per common share to raise gross proceeds of up to $2,100,000 (the “Offering”).
Finders’ fees will be payable in cash in the amount of 6% of gross proceeds from the sale of common shares sold to subscribers introduced by the finders. The Finders’ fees may be payable on all or portions of the private placement in accordance with policies of the Exchange.
Net proceeds of the offering plus existing cash and other working capital will be used, in part, to fund the commercialization of the company’s new NB-IOT and LTE-M Mobile IOT environmental sensing and asset monitoring devices and for general working capital purposes. The Company expects to launch the new products and provide them to existing partners and resellers in the fourth quarter.
The Offering is subject to final TSX Venture Exchange acceptance. The common shares will be subject to a four-month hold period.
BeWhere (TSXV: BEW, OTCQB: BEWFF) is an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications for environmental sensing and to track real-time information on assets. The company develops mobile applications, middle-ware and cloud based solutions that stand-alone or that can be readily integrated with existing software. Its solutions enable endusers a level of operational visibility that is more easily accessible and significantly easier to implement than in the past.
ON BEHALF OF THE BOARD
CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Owen Moore at +1 (844) 229-4373 firstname.lastname@example.org