OneSoft Solutions Announces $8 Million Bought Deal Financing
2019年4月4日 - 9:22PM
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
OneSoft Solutions Inc. (the “Company” or “OneSoft”)
(TSX-V:OSS, OTCQB: OSSIF), a North American developer of
cloud-based business solutions, is pleased to announce that it has
entered into an agreement with Clarus Securities Inc., on behalf of
a syndicate of underwriters (collectively, the “Underwriters”),
pursuant to which the Underwriters have agreed to purchase, on a
“bought deal” basis, 10,000,000 Common Shares (the “Common Shares”)
of the Company at a price of C$0.80 per Common Share (the “Offering
Price”) for aggregate gross proceeds to the Company of C$8,000,000
(the “Offering”).
The Company has agreed to grant the Underwriters
an over-allotment option to purchase up to an additional 1,500,000
Common Shares at the Offering Price, exercisable in whole or in
part at any time for a period ending 30 days from the closing of
the Offering.
In the event the over-allotment option is
exercised in full, the aggregate gross proceeds of the Offering
will be C$9,200,000.
The Company intends to use the net proceeds from
the Offering to accelerate new product development and marketing
and sales initiatives, and for working capital and general
corporate purposes.
The Common Shares will be offered by way of a
short form prospectus to be filed in each of the provinces of
Canada, other than the Province of Quebec, by way of a private
placement in the United States, and in those jurisdictions outside
of Canada and the United States which are agreed to by the Company
and the Underwriters, where the Common Shares can be issued on a
private placement basis, exempt from any prospectus, registration
or other similar requirements.
The Offering is expected to close on or about
April 25, 2019 and is subject to certain conditions including, but
not limited to, the receipt of all necessary approvals, including
the approval of the TSXV Exchange (the “Exchange”).
The securities have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any U.S. state securities
laws, and may not be offered or sold in the United States without
registration under the U.S. Securities Act and all applicable state
securities laws or compliance with the requirements of an
applicable exemption therefrom. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About OneSoft and OneBridge
OneSoft has developed software technology and
products that have capability to transition legacy, on-premise
licensed software applications to operate on the
Microsoft Azure Cloud Platform. Our business strategy is to
seek opportunities to incorporate Data Science and Machine
Learning, business intelligence and predictive analytics to create
cost-efficient, subscription-based software-as-a-service solutions.
Visit www.onesoft.ca for more information.
OneSoft’s wholly owned subsidiary, OneBridge
Solutions Inc., develops and markets revolutionary new SaaS
solutions that use Data Science and Machine Learning to apply
predictive analytics to big data, which assist Oil & Gas
pipeline operators to predict pipeline failures and thereby save
lives, protect the environment, reduce operational costs and
address regulatory compliance requirements. Visit
www.onebridgesolutions.com for more information.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "potential",
"believe", "intend" or the negative of these terms and similar
expressions. Forward-looking statements in this news release
include, but are not limited to, statements with respect to
internal expectations, estimated margins. Forward-looking
statements necessarily involve known and unknown risks, including,
without limitation, risks associated with general economic
conditions; adverse industry events; marketing costs; loss of
markets; future legislative and regulatory developments; inability
to access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable
terms.
Readers are cautioned that the foregoing list is
not exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
For more information, please
contact
Dwayne Kushniruk, CEOdkushniruk@onesoft.ca(780)
437‐4950
Sean Peasgood, Investor RelationsSean@SophicCapital.com(647)
494-7710
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