/NOT FOR DISTRIBUTION IN THE U.S./
VANCOUVER, Sept. 5 /CNW/ - OneMove Technologies Inc. ("OneMove" or the
"Company") (TSX-V: OM), a provider of a leading web-based real estate
transaction platform, announced today that its previously announced
non-brokered private placement was fully subscribed and closed on September 4,
OneMove issued 9,421,690 units at a price of $0.06 per unit, for total
proceeds of $565,301. Each unit consisted of one common share and one 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 common shares and warrants issued through the private placement are
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.
The TSX Venture Exchange has approved the transaction.
In addition, the Company announced that it has retained the services of
KCrew Communications Inc, a financial marketing and corporate communications
firm based in Vancouver, B.C., Canada, to provide certain investor relations
services to augment its current investor relations program. The engagement
will commence September 5, 2008, subject to TSX Venture Exchange approval.
KCrew Communications will receive a fee of $8,500 per month for the first
two months of the contract plus miscellaneous expenses, and will be granted
300,000 incentive stock options exercisable at $0.10 per share. The investor
relations contract is for a term of four (4) months.
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
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, firstname.lastname@example.org; Kristen Dickson, Investor
Relations, The Equicom Group, (416) 815-0700 ext 273,