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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mineworx Technologies Ltd | TSXV:MWX | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.035 | 0.03 | 0.04 | 0 | 01:00:00 |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Medworxx Solutions Inc. ("Medworxx") (TSX VENTURE:MWX) is pleased to announce that, due to investor demand, it anticipates increasing the offering size of its private placement, previously announced on May 8, 2012, through Paradigm Capital Inc. on a best efforts agency basis acting as lead agent and sole bookrunner, and MGI Securities Inc. (the "Agents") from up to 7,353,000 units to up to 8,000,000 units (the "Units") for aggregate gross proceeds to Medworxx of up to $2,720,000. The Agents have been granted an option (the "Over-Allotment Option") to sell up to an additional 15% of the number of Units sold in the Offering at a price of $0.34 per Unit (for a total of 1,200,000 additional Units). If the previously announced Over-Allotment Option is exercised in full, the Offering could total up to 9,200,000 Units for aggregate gross proceeds to Medworxx of up to $3,128,000 (the "Offering"). All other terms of the Offering remain unchanged from those previously announced on May 8, 2012. The Offering is scheduled to close on or about May 24, 2012, subject to receipt of regulatory approval and completion of closing documentation. About Medworxx Medworxx delivers health information technology solutions to over 300 clients internationally; including Canada, United States and United Kingdom. Medworxx helps hospitals meet patient flow challenges, and requirements in compliance and education. Medworxx Utilization Management system-flagship of Medworxx PF that also includes bed optimization and independent assessment components-currently serves over 30% of the acute care beds in Canada. Founded in 2004, Medworxx Inc. is based in Toronto, ON, and publicly traded on the TSX Venture Exchange: MWX. -- Online: www.medworxx.com -- LinkedIn: linkedin.com/company/medworxx -- Twitter: @Medworxx Disclaimers: The statements made in this press release may contain forward-looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Forward-looking statements involve known and unknown risks, uncertainties and other factors, such as competition, technological changes, the changing needs of hospitals, the financial condition of the Company's current and potential customers, foreign currency exchange rates, as well as general economic conditions, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The Company is under no obligation to update forward-looking statements.
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