VANCOVER, BC, OCTOBER 7, 2015 /CNW/ – Moseda Technologies Inc. (TSXV: MSD) (“Moseda” or the “Company”), a technology company focused on developing progressive mobile health (“mHealth”) and telemedicine solutions for institutional and home healthcare, is pleased to announced that further to its news release dated September 21, 2015 it closed the non-brokered private placement of 1,500,000 Units (the “Units”) of Moseda at a price of $0.20 per Unit for gross proceeds of $300,000.00. Each Unit each consists of one (1) common share (the “Common Share”) and one half (1/2) transferrable share purchase warrant (the “Warrant”). Each warrant entitles the holder thereof to purchase one (1) additional Common Share on or before October 6, 2016 at a price of CDN$0.26 per Common Share. The securities issued are subject to the statutory 4 month hold period as described by the regulatory authorities that expires on February 7, 2016. The Company has also set aside an aggregate of 700,000 incentive stock options at $0.25 for a period of five years to Directors, Officers and Consultants of the Company.
ON BEHALF OF THE BOARD
“Nicholas Murray” CEO & Director
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. Cautionary Statements Regarding Forward Looking Information Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Moseda Technologies Inc. (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements. SOURCE: Moseda Technologies Inc. For further information: Nicholas Murray at +1 604-637-6098 or firstname.lastname@example.org. Kam Thindal at +1 604 488-9875 or email@example.com.