Posera - HDX Completes Second Tranche of Private Placement of Common Shares
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWS WIRE SERVICES/
TORONTO, Dec. 24, 2013 /CNW/ - Posera - HDX Limited ("Posera - HDX" or the "Company") is pleased to announce that further to the press release dated November 27, 2013, it has completed the second closing of its private placement of Posera-HDX Common Shares. In the second closing on December 19, 2013 the Company issued a total of 4,050,000 Common Shares at a price of $0.30 per share for gross proceeds of $1,215,000. PowerOne Capital Markets Limited acted as a finder in respect of the Common Shares issued in the second closing and received a cash finder's fee of 7% of the gross proceeds together with finders' warrants to acquire 405,000 Common Shares. The finders' warrants are exercisable for a period of two years at an exercise price of $0.30 per Common Share.
Together with the initial closing of the private placement of Common Shares, the Company has raised gross proceeds of $2,147,600 from the sale of its Common Shares.
The Company's Common Shares are listed on the Toronto Stock Exchange (the "TSX") under the symbol "HDX". The proceeds from the private placement are currently primarily targeted to be utilized to (i) increase the working capital position of the Company and (ii) expand its workforce in connection with growing its current business and in order to take advantage of the opportunities presented by the recent acquisition of Zomaron Inc.
The common shares being issued pursuant to the private placement have been conditionally approved for listing on the Toronto Stock Exchange.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This press release includes certain forward-looking statements that are
based upon current expectations, which involve risks and uncertainties
associated with our business and the environment in which the business
operates. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking, including those
identified by the expressions "anticipate", "believe", "plan",
"estimate", "expect", "intend", and similar expressions to the extent
they relate to the Company or its management. The forward-looking
statements are not historical facts, but reflect Posera-HDX's current
expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risks and
Uncertainties" in the Annual Information Form filed on March 28th, 2013 with the regulatory authorities. Posera-HDX assumes no
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
SOURCE Posera-HDXFor further information:
Chief Executive Officer
Posera-HDX Limited (HDX)
350 Bay Street, Suite 700
Toronto, Ontario M5H 2S6
(416) 703-6462 ext. 2263