The Convertible Debentures are unsecured, will mature on
The proceeds of the Offering will be used for working capital purposes. The private placement is subject to compliance with applicable securities legislation and to the approval of the
Desjardins-Innovatech s.e.c. and the Caisse de depot et placement du Quebec, both insiders of Extenway, participated in the Third Tranche by subscribing for Convertible Debentures in the principal amounts of
The Convertible Debentures and all underlying Common Shares issued, or which may be issued, to purchasers under the Third Tranche (the "Securities") are subject to a four-month plus one-day hold period from the Closing Date, ending on
Extenway is a supplier of client-focused solutions for the healthcare industry. Services offered by Extenway include interactive television, beside terminals for patients, internet, entertainment, content integration, advertising, education and integrated solutions. Extenway allows organizations to optimize management and coordination of human interactions as well as communications, information and coordination. For further information, please visit www.extenway.com or follow us on Twitter @Extenway.
Disclaimer - Safe Harbour Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements. These forward-looking statements relate to the future financial conditions, results of operations or business of Extenway. These statements may be current expectations and estimates about the markets in which Extenway operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. The results or events predicted in forward-looking statements may differ materially from actual results or events. Extenway disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In particular, forward-looking statements do not reflect the potential impact of any merger, acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made.
FOR FURTHER INFORMATION PLEASE CONTACT:
John McAllisterPresident and CEO Extenway Solutions Inc.514-694-1916 Marie-Helene d'Entremont Zone franche 514-371-5715, ext. 204 firstname.lastname@example.org Source: Extenway Solutions Inc.