VRW

VRX Worldwide Inc. (TSX VENTURE:VRW), (the "Company") announces that it will
complete a non-brokered private placement of up to 10,000,000 common shares (the
"Shares") at a price of $0.05 per Share for gross proceeds of up to $500,000
(the "Offering"). The Shares will be made available by way of a private
placement exemption to accredited investors (as such term is defined in National
Instrument 45-106 - Prospectus and Registration Exemptions) in Canada and to
certain other qualified investors as the Company may agree. In connection with
the Offering, the Company will pay a finder's fee in cash equal to 8% of the
gross proceeds of the offering, and will issue finders' warrants exercisable to
purchase such number of common shares as is equal to 8% of the number of Shares
issued in the offering, at a price of $0.10 per Share, for a period of 12 months
from the closing of the Offering.


All securities issued in connection with the Offering will be subject to a
statutory hold period of four months plus a day from the date of issuance in
accordance with applicable securities law legislation. The net proceeds from the
Offering will be used by the Company to fund future development, sales and
marketing, and working capital of MediaValet, a division of the Company.


Founded in late 2010, MediaValet is the world's first 100% cloud-based,
enterprise class, global, digital asset management system. Built from the ground
up on Microsoft's industry leading platform-as-a-service cloud offering, Windows
Azure, MediaValet can cost effectively and securely meet the digital asset
management needs of any company, no matter how large they are, where they're
located, or what industry they're in.


The Offering is subject to a number of conditions including receipt of all
necessary corporate and regulatory approvals, including approval of the TSX
Venture Exchange.


ABOUT VRX Worldwide Inc.

Through a decade and a half of growth, innovation and an unwavering commitment
to customer service, VRX Worldwide is one of the world's leading providers of
content production, management, distribution and licensing services. To find out
more about VRX Worldwide, its products and services, visit www.vrxworldwide.com,
www.vrxstudios.com and www.mediavalet.co.


On behalf of VRX Worldwide Inc.

per David MacLaren, CEO

"Neither the 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."


Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address events or developments that VRX Worldwide Inc. (the
"Company") expects to occur, are forward-looking statements. Forward- looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include regulatory actions, market prices, exploitation and
exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward- looking statements in the
event that management's beliefs, estimates or opinions, or other factors, should
change.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor & Public Relations
888.605.0059
info@vrxworldwide.com

(TSXV:VRW)
Historical Stock Chart
From Apr 2024 to May 2024

(TSXV:VRW)
Historical Stock Chart
From May 2023 to May 2024