VANCOUVER, British Columbia: April 7, 2015 SoMedia Networks Inc. (VID:CA) (“SoMedia,” the “Company”), the pioneer of scalable video production solutions announces it has, further to a press release dated March 31, 2015, closed a non-brokered private placement (the “Private Placement”) with the issuance of 2,000,000 units (the “Units”) at a price of $0.25 per Unit for total gross proceeds of $500,000. The Units being issued consist of one common share and one half of one share purchase warrant (the “Warrants”), each whole Warrant entitling the holder to purchase an additional common share at a price of $0.30 per share until April 7, 2017.
In connection with the Private Placement, the Company issued a total of 24,000 units as fees (the “Finder’s Units”) to those who introduced the Company to subscribers of the Private Placement. Each Finder’s Unit consists of one common share and one half of one share purchase warrant (the “Finder’s Warrants”), with each Finder’s Warrant entitling the holder to purchase one common share of the Company at a price of $0.30 per share until April 7, 2017.
The Company intends to use the net proceeds of the Private Placement for general working capital. All securities issued in connection with the Private Placement are subject to a prescribed four month hold and restricted trading period pursuant to applicable securities laws ending on August 8, 2015.
Company Contact: Company Contact:
George Fleming, CEO Greg Werbowski, Investor Relations
Tel: 604.683.5510 Tel: 604.683.5510 (ext 590)
Email: email@example.com Email: firstname.lastname@example.org
Annette Leach, Hotwire PR
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This news release includes forward-looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and financing, and general
economic, market or business conditions. There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements. This news release does not constitute an
offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or any state securities laws and may not be offered or sold wi thin the United States or to
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
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