TORONTO, April 13 /CNW/ - DXStorm.com Inc. ("DXStorm") (TSX-V: DXX)
announced today it is arranging a non-brokered financing of up to
10,000,000 Units at a price of $0.10 per Unit for gross proceeds of $1,000,000
subject to regulatory approval. Each unit will consist of one common share and
one common share purchase warrant. Each warrant will entitle the holder to
acquire one additional common share of the Company for $0.12 per share for a
period of two years from the date of closing. The issued shares will be
subject to a four-month hold period per TSX Venture Exchange policy.
At the time of this news release, the Company has received commitments
totaling $650,000 from three of its Directors.
Proceeds of the financing will be used for general working capital.
About DXStorm.com Inc.
DXStorm is an E-Business Applications Service Provider and Developer.
DXStorm provides Internet based solutions to businesses from turnkey e-store
solutions for small business to custom developed and implemented Web,
database, network, security, and transaction systems for any enterprise.
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this news release.
For further information:
For further information: DXStorm Contact: Diane Fisher, Tel: (905)
842-8262 ext. 229, Email: firstname.lastname@example.org