VANCOUVER, March 29, 2018 /CNW/ - Fireswirl Technologies
Inc. (TSXV: FSW) ("Fireswirl") is pleased to announce that
it closed a non-brokered private placement (the "Private
Placement") of common shares in the capital of Fireswirl (the
"Common Shares"), raising aggregate gross proceeds of
$300,000.
At the closing of the Private Placement, Fireswirl issued an
aggregate of 6,000,000 Common Shares at a subscription price of
$0.05 per Common Share. The Common
Shares will be subject to a four-month hold period, which will
expire on July 30, 2018.
Fireswirl intends to use the net proceeds of the Private
Placement for working capital and operating expenses.
About Fireswirl
Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating
transactional revenue by engineering electronic and mobile commerce
solutions for content providers. Fireswirl's technology has broad
applications for solutions requiring multiple payment interfaces,
multicurrency and multi-language capabilities. Fireswirl's
solutions can be adapted to any industry seeking high volume or
micro-payment solutions involving a wide base of users through
internet or wireless applications.
This news release may contain certain forward-looking statements
that reflect the current views and/or expectations of Fireswirl
with respect to its performance, business and future events. In
particular, this news release contains forward-looking statements
relating to the Private Placement. Investors are cautioned that all
forward-looking statements involve risks and uncertainties,
including, without limitation, statements regarding the outlook for
future operations, the evaluation of market conditions, and the
ability to raise financing. Investors are cautioned that any such
forward-looking statements are not guarantees and may involve risks
and uncertainties, and that actual results may differ from those in
the forward-looking statements as a result of various factors such
as general economic and business conditions, including changes in
economic conditions and misjudgments in the course of preparing
forward-looking statements. These risks, as well as others, could
cause actual results and events to vary significantly. Fireswirl
does not undertake any obligation to release publicly any revision
for updating any voluntary forward–looking statements.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Fireswirl Technologies Inc.