Preo Software Inc.: Amendment to Terms of Proposed $300,000 Private Placement Financing
March 07 2012 - 8:37PM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
PREO SOFTWARE INC. (the "Corporation") (TSX VENTURE:PKM). Further to the
Corporation's press release of March 5, 2012 announcing the private placement of
Units, the Corporation and HOME Investment Management Inc. have agreed to amend
the interest payment terms of the Debentures underlying the Units. The 15%
interest under the Debentures will be payable by the issuance of common shares
("Common Shares") of the Corporation for the first quarter after closing at an
issuance price of $0.15. Thereafter and for the remainder of the two (2) year
term of the Debentures, interest will be payable at the end of each quarter by
way of Common Shares at an issuance price based on the market price of the
Common Shares.
The private placement is subject to receipt of final approval of the TSX Venture
Exchange.
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