Monexa engages M Partners Inc. and Versant Partners Inc. to carry out $3,000,000 financing

VANCOUVER, July 5, 2011 /CNW/ -- 
VANCOUVER, July 5, 2011 /CNW/ - Monexa Technologies Corp. (TSX Venture: MXA) ("Monexa" or the "Company") is pleased to announce that it has entered into an agreement with M
 Partners Inc. and Versant Partners Inc. (together, the "Agents") to act as agents, on a best efforts basis, for a brokered private
 placement (the "Offering") of up to 23,076,923 units (the "Units") at $0.13 per Unit for aggregate gross proceeds to the Company of up
 to $3,000,000.


Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole
 warrant, a "Warrant").  Each Warrant will entitle the holder thereof to acquire one Common
 Share of the Company at an exercise price of $0.20 per Common Share for
 a period of 12 months from the closing date.


The net proceeds from the Offering will be used by the Company for
 working capital and general corporate purposes.


In connection with the Offering, a cash commission of 7% of the
 aggregate gross proceeds arising therefrom will be paid to the Agents. 
 In addition, upon closing of the Offering, the Agents will receive such
 number of non-transferable warrants (the "Compensation Warrants"), equal to 7% of the total number of Units issued in connection with
 the Offering.  Each Compensation Warrant will be exercisable at a price
 of $0.13 for a period of 24 months from the closing date to acquire one
 Common Share of the Company.


The Offering is subject to the approval of the TSX Venture Exchange. 
 Securities issued in the Offering will be subject to a hold period of
 four months and one day pursuant to applicable securities laws.


About Monexa Technologies Corp.


Monexa pioneered the on-demand subscription billing space and has worked
 with hundreds of businesses to help monetize their services. A deep
 skill-base and leadership in subscription billing sets Monexa apart
 from other service providers and attracts established customers North
 America-wide. Monexa's customers range in size from high-growth SaaS
 and Cloud Infrastructure companies to large household-name companies
 like AOL Canada, Sprint, Amway and Bell Mobility.


Monexa provides companies the freedom to market their services through
 creative pricing plans by removing barriers imposed by traditional
 billing and payments processes. Monexa stands for rapid, dependable
 monetization of all subscription services. For more information visit www.monexa.com.


Forward-Looking Statements


This news release contains forward-looking statements. Actual events or
 results may differ materially from those described in the
 forward-looking statements due to a number of risks and uncertainties,
 including changes in financial and product market conditions.
 Forward-looking statements are based on management's estimates,
 beliefs, and opinions. The Company assumes no obligation to update
 forward-looking statements, other than as may be required by applicable
 law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


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