VANCOUVER, June 26 /CNW/ - OneMove Technologies Inc. ("OneMove" or the
"Company") (TSX-V: OM), a provider of a leading web-based real estate
transaction platform, today announces plans to conduct a non-brokered private
placement for total proceeds of up to $400,000.
The Company intends to issue approximately 5.7 million units at a price
of $0.07 per unit. Each unit will consist of one common share and one-half
common share purchase warrant, exercisable at a price of $0.10 per share for a
period of two years. The proceeds from the private placement will be used for
continued software development.
The private placement is expected to close on or about July 11, 2008. The
common shares and warrants issued through the private placement will be
subject to a four-month hold period from the date of closing, as per the
policies of the TSX Venture Exchange and applicable securities legislation.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX-V:OM) offers a leading real estate
transaction platform. Through econveyance(TM), its proprietary web-based
conveyancing software solution, OneMove(TM) simplifies and expedites the
process of buying and selling real estate in British Columbia, Canada.
Econveyance links all participants in the property transfer process, offering
a secure and efficient means of seamlessly completing the transaction online.
Additional information about OneMove can be found at www.onemovetech.com or
Forward Looking Statement
This press release contains certain "forward looking statements." These
statements relate to future events or future performance and reflect
expectations and belief regarding growth, results of operations, performance,
business prospects, opportunities or industry performance and trends. These
forward looking statements reflect current internal projections, expectations
or beliefs and are based on information currently available. A number of
factors could cause actual events or results to differ materially from the
results discussed in the forward looking statements. Although it is believed
that the forward looking statements contained in this press release are based
upon reasonable assumptions, investors cannot be assured that actual results
will be consistent with these forward looking statements. These forward
looking statements are made as of the date of this press release, and OneMove
Technologies Inc. assumes no obligation to update or revise them to reflect
new events or circumstances, except as required pursuant to applicable
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
For further information:
For further information: Martin R. Johnson, President & CEO, (604)
662-8207 ext 116, email@example.com; Kristen Dickson, Investor
Relations, The Equicom Group, (416) 815-0700 ext 273,