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RewardStream Solutions Closes $3.25 Milion Financing
Tuesday, April 24, 2018Company Profile | Follow Company
Vancouver, BC, April 24, 2018--(T-Net)--RewardStream Solutions Inc. (TSXV: REW) announced that the Company has closed a private placement financing consisting of 12,499,999 units for gross proceeds $3.25 million at a price of $0.26 per unit.
Each unit will comprise one common share of the issuer and one common share purchase warrant of the issuer. Each Warrant will be exercisable into a common share of the Company at an exercise price of 35 cents with a one-year expiry.
The proceeds of the private placement will be used for general working capital and to pursue acquisitions.
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
Forward-Looking Information
This news release includes certain statements that may be deemed "forward-looking statements". The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com
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.