Preo Software Inc.
TSX VENTURE : PKM

Preo Software Inc.

March 07, 2012 22:37 ET

Preo Software Inc.: Amendment to Terms of Proposed $300,000 Private Placement Financing

CALGARY, ALBERTA--(Marketwire - March 7, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

PREO SOFTWARE INC. (the "Corporation") (TSX VENTURE:PKM). Further to the Corporation's press release of March 5, 2012 announcing the private placement of Units, the Corporation and HOME Investment Management Inc. have agreed to amend the interest payment terms of the Debentures underlying the Units. The 15% interest under the Debentures will be payable by the issuance of common shares ("Common Shares") of the Corporation for the first quarter after closing at an issuance price of $0.15. Thereafter and for the remainder of the two (2) year term of the Debentures, interest will be payable at the end of each quarter by way of Common Shares at an issuance price based on the market price of the Common Shares.

The private placement is subject to receipt of final approval of the TSX Venture Exchange.

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.

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