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RewardStream Announces $425,000 Private Placement Financing
Tuesday, August 1, 2017Company Profile | Follow Company
Vancouver, BC, August 1, 2017--(T-Net)-RewardStream Solutions Inc. (TSXV: REW) announced that it is proceeding with a non-brokered private placement financing of up to 5,000,000 units of the Company at $0.085 per Unit for gross proceeds of up to $425,000.
Each Unit consists of one common share and one-half of one share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase one additional common share at a price of $0.17 per share for a period of 24 months from the close of the Private Placement.
The net proceeds of the Private Placement will be used for general working capital and corporate purposes.
About RewardStream Solutions Inc.
RewardStream specializes in the execution of automated referral marketing programs that help brands to acquire, engage, and retain their most valuable stakeholders - customers. By utilizing an innovative blend of marketing insight and proprietary technology, RewardStream turns an existing customer base into a powerful new sales channel for all our clients. RewardStream delivers a scalable, real-time technology platform as the foundation of our client's referral program. The platform provides customer acquisition programs that deliver new, highly loyal customers at very low cost per acquisition rates. Our award-winning marketing solutions have powered loyalty and referral marketing programs across 39 countries for brands including Boost Mobile, Envision Financial, W Concept, Koodo Mobile and more. For more information please visit www.rewardstream.com.
Contact:
RewardStream Solutions Inc.
Rob Goehring, CEO
(877) 692-0040
Investor Relations:
Virtus Advisory Group Inc.
rewardstream@virtusadvisory.com
(416) 644-5081
Forward-Looking Information
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors - including the availability of funds and the results of financing efforts - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the 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.