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RIWI Closes Second and Final Tranche of Non-Brokered Private Placement Totaling $2.496 Million
TMX Newsfile· 2026-03-11 11:49
Core Viewpoint - RIWI Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately $2.5 million through the issuance of Units [1][3]. Group 1: Offering Details - The second tranche involved the issuance of 4,530,900 Units at a price of $0.30 per Unit, resulting in gross proceeds of $1,359,270 [1]. - In total, the Company issued 8,322,220 Units across both tranches, achieving total gross proceeds of $2,496,666 [1]. - Each Unit consists of one common share and one-half of a Common Share purchase warrant, with the whole warrant allowing the purchase of an additional share at $0.50 for two years [2]. Group 2: Warrant Conditions - The Warrants include an acceleration clause that allows the Company to shorten the expiry date if the share price exceeds $0.75 for 10 consecutive trading days [2]. - If the Warrants are not exercised by the accelerated expiry date, they will automatically expire without compensation [2]. Group 3: Use of Proceeds - The proceeds from the Offering will be utilized for general working capital and corporate purposes, including product development and commercialization activities [3]. Group 4: Insider Participation - Insiders participated in the Offering, acquiring a total of 614,400 Units, which is considered a related party transaction [4]. - The Company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of its market capitalization [4]. Group 5: Finder's Fees - The Company paid finder's fees totaling $57,312, which represents 6% of the gross proceeds raised from subscribers introduced by the finders [5].
RIWI Grants Stock Options
Newsfile· 2025-11-18 22:01
Core Points - RIWI Corp. has granted 50,000 stock options to key employees, exercisable at CAD $0.51 per share, expiring on November 18, 2030 [1] Company Overview - RIWI is a market research platform and global trend-tracking and prediction technology firm, offering tracking surveys, continuous risk monitoring, predictive analytics, and ad effectiveness tests on a subscription basis [2]
RIWI Closes Working Capital Loan Facility
Newsfile· 2025-09-15 20:01
Core Points - RIWI Corp. has closed a $1,000,000 CAD working capital loan facility with Pathfinder Asset Management Limited, an insider of the Company [1][2] - The loan has a term of two years, with an interest rate of 12% per annum, and includes a loan bonus of $200,000, satisfied by issuing 400,000 common shares at a deemed price of $0.50 per share [2] - The loan is exempt from minority approval and formal valuation requirements due to its fair market value being less than 25% of the Company's market capitalization [3] - The net proceeds from the loan will be used for working capital management, general corporate purposes, and to support RIWI's growth and profitability efforts [4] Company Overview - RIWI is a market research platform and global trend-tracking and prediction technology firm, offering services such as tracking surveys, risk monitoring, predictive analytics, and ad effectiveness tests on a subscription basis [5]