Extenway updates its Private Placement Financing
October 12 2011 - 3:26AM
PR Newswire (Canada)
MONTREAL, Oct. 14, 2011 /CNW Telbec/ - Extenway Solutions Inc.
("Extenway") wishes to update its previously announced private
placement (the "Offering") of a minimum number of 14,705,883 common
shares of Extenway (each a "Common Share") at $0.17 per Common
Share. The Offering will now be comprised of a minimum of
19,230,769 Common Shares at a price of $0.13 per Common Share for
gross proceeds of no less than $2,500,000. The Offering is now
expected to close within 30 days. IBS Capital, s.e.n.c., a
Montreal-based Exempt Market Dealer, is acting as agent for the
Offering. The private placement is subject to the minimum
subscription price being received and to compliance with applicable
securities legislation and to the approval of the TSX Venture
Exchange. All Common Shares issued to purchasers under the Offering
will be subject to a four-month and one (1) day hold period from
the Closing Date, pursuant to securities legislation and the
policies of the TSX Venture Exchange. The Common Shares offered
have not been nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws, and
may not be offered or sold in the United States or to an account
for the benefit of US persons, absent such registration or an
exemption from registration. About Extenway Solutions Inc. Extenway
Solutions Inc. (www.extenway.com) provides IT, communications,
entertainment and education solutions to the healthcare sector.
Extenway terminals offer a wide range of integrated content and
services, including television, Internet, Microsoft Office, and
video conferencing. The terminals also offer the possibility of
managing patient appointments and regulating a patient's bedroom
environment. Extenway allows healthcare organizations to optimize
the way they manage and coordinate interactions between patients,
medical staff and those working in administration. The company is
based in Baie D'Urfé in the Montreal region of Canada. For
more information, visit www.extenway.com. Disclaimer - Safe Harbour
Forward-Looking Statements Certain statements contained in this
press release constitute forward-looking statements. These
forward-looking statements relate to the future financial
conditions, results of operations or business of Extenway. These
statements may be current expectations and estimates about the
markets in which Extenway operates and management's beliefs and
assumptions regarding these markets. These statements are subject
to important risks and uncertainties which are difficult to predict
and assumptions which may prove to be inaccurate. The results or
events predicted in forward-looking statements may differ
materially from actual results or events. Extenway disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. In particular, forward-looking statements do not
reflect the potential impact of any merger, acquisitions or other
business combinations or divestitures that may be announced or
completed after such statements are made. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Extenway Solutions Inc. CONTACT: Alexandra GravelineZone franche514
371-5715, poste 203agraveline@zonefranche.caMr. David BrownChief
Financial OfficerExtenway Solutions Inc.500 Morgan Blvd., Suite
100Baie D'Urfe, QC H9X 3V1Tel: (514) 694-1916Fax: (514) 694-4280
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