Toronto, ON – RIWI Corp. (CSE: RIW) (the “Company” or “RIWI”) is pleased to announce today that the Company intends to proceed with a proposed non‐brokered private placement of 403,356 common shares in the capital of the Company (each a “Share”) at a price of CDN$2.78 per Share or, at the discretion of the subscriber, converted into United States dollars at an exchange rate of CDN$1.00 being equal to US$0.71942 for an effective price of US$2.00 per Share (the “Offering”). Closing is expected to occur on or about March 2, 2016. The gross proceeds from the sale of the offered Shares will be $1,121,329, and these proceeds will be used primarily to increase the Company’s sales of its global consumer and citizen opinion data products. The Offering is subject to regulatory approval, including the approval of the Canadian Securities Exchange.
About RIWI
RIWI is a global survey technology and risk measurement company using its proprietary, patented methods to capture a new stream of opinion data in any region of the world. For more information, please visit: https://riwi.com/. RIWI CORP.