FintechWerx Announces Proposed Non-Brokered Private Placement

Executive Summary

• FintechWerx International Software Services Inc. announced a non‑brokered private placement of up to $250,000 through the issuance of 223,214 units at $1.12 per unit.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at $1.39 for two years after closing.
• Proceeds will be used for general working capital, research & development, and sales/marketing of the FintechWerx platform.

Key Details

• Units Offered: 223,214 units @ $1.12 per unit → total gross proceeds up to $250,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to acquire one additional share at $1.39 per share; exercisable for 2 years post‑closing.
• Statutory Hold Period: Securities subject to a hold period of 4 months and 1 day after closing.
• Use of Proceeds: General working capital, R&D, and sales/marketing support for the FintechWerx platform.
• Finder’s Fees: Offering may include cash and/or securities commissions payable as finder’s fees.
• Regulatory Approval: Subject to approval by the Canadian Securities Exchange (CSE).
• Insider Participation: Insiders may participate; such participation will be treated as a related‑party transaction under MI 61‑101 but is expected to be exempt from formal valuation and minority shareholder approval requirements.

Notable Quotes

(No executive quotes were provided in the release.)