NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Toronto, ON – RIWI Corp. (CSE: RIW) (the “Company” or “RIWI”) is pleased to announce the closing of its non-brokered private placement of 656,571 units of the Company (“Units”) at a price of CDN$2.45 per Unit (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one common share of the Company at an exercise price of CDN$3.50 per share. The Offering was originally announced on March 13, 2017. The gross proceeds from the sale of the offered Units will be CDN$1,608,600, and these proceeds will be used primarily to service existing and anticipated contracts and to invest in growing sales and business development needs.
About RIWI
RIWI is a global survey technology company using its proprietary, patented methods to capture a stream of privacy-compliant opinion data in any region of the world. RIWI data and dashboards help global corporations and government agencies predict, monitor and adapt to changing citizen needs, behaviours and attitudes in all countries. For more information, please visit: https://riwi.com/. RIWI CORP.