MWX Mineworx Technologies Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES. 


Medworxx Solutions Inc. ("Medworxx") (TSX VENTURE:MWX) is pleased to announce
that, due to investor demand, it anticipates increasing the offering size of its
private placement, previously announced on May 8, 2012, through Paradigm Capital
Inc. on a best efforts agency basis acting as lead agent and sole bookrunner,
and MGI Securities Inc. (the "Agents") from up to 7,353,000 units to up to
8,000,000 units (the "Units") for aggregate gross proceeds to Medworxx of up to
$2,720,000. The Agents have been granted an option (the "Over-Allotment Option")
to sell up to an additional 15% of the number of Units sold in the Offering at a
price of $0.34 per Unit (for a total of 1,200,000 additional Units). If the
previously announced Over-Allotment Option is exercised in full, the Offering
could total up to 9,200,000 Units for aggregate gross proceeds to Medworxx of up
to $3,128,000 (the "Offering"). All other terms of the Offering remain unchanged
from those previously announced on May 8, 2012. The Offering is scheduled to
close on or about May 24, 2012, subject to receipt of regulatory approval and
completion of closing documentation. 


About Medworxx 

Medworxx delivers health information technology solutions to over 300 clients
internationally; including Canada, United States and United Kingdom. Medworxx
helps hospitals meet patient flow challenges, and requirements in compliance and
education. Medworxx Utilization Management system-flagship of Medworxx PF that
also includes bed optimization and independent assessment components-currently
serves over 30% of the acute care beds in Canada. Founded in 2004, Medworxx Inc.
is based in Toronto, ON, and publicly traded on the TSX Venture Exchange: MWX. 




--  Online: www.medworxx.com 
--  LinkedIn: linkedin.com/company/medworxx  
--  Twitter: @Medworxx 



Disclaimers: The statements made in this press release may contain
forward-looking statements that involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's expectations
and projections. Forward-looking statements involve known and unknown risks,
uncertainties and other factors, such as competition, technological changes, the
changing needs of hospitals, the financial condition of the Company's current
and potential customers, foreign currency exchange rates, as well as general
economic conditions, which may cause the actual results, performance or
achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. The Company is under no obligation to update forward-looking
statements.

Mineworx Technologies (TSXV:MWX)
Historical Stock Chart
From Apr 2024 to May 2024

Mineworx Technologies (TSXV:MWX)
Historical Stock Chart
From May 2023 to May 2024