RenoWorks Software Inc.
TSX VENTURE : RW

RenoWorks Software Inc.

March 25, 2008 18:27 ET

RenoWorks Software Announces Proposed $500,000 Financing

CALGARY, ALBERTA--(Marketwire - March 25, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES.

RenoWorks Software Inc. (TSX VENTURE:RW) reports that RenoWorks intends to conduct a private placement of up to 5,000,000 common shares at a price of $0.10 per share for aggregate gross proceeds of up to $500,000. The purchasers of the private placement will be employees, directors and officers of the Company, with the majority of the private placement anticipated to be insiders. The private placement will be conducted in reliance upon the prospectus and registration exemptions contained in the Securities Act (Alberta). The completion of this private placement is subject to receipt of regulatory approval, including, but not limited to, the approval of the TSX Venture Exchange. RenoWorks currently has 17,620,444 common shares outstanding. Following completion of the private placement, RenoWorks will have 22,620,444 common shares outstanding.

The common shares of RenoWorks are listed and posted for trading on the TSX Venture Exchange under the trading symbol "RW".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • RenoWorks Software Inc.
    Doug Vickerson
    CEO
    (403) 296-3880
    (403) 296-3886 (FAX)