CALGARY,
Nov. 14, 2013 /CNW/ - Ivrnet Inc.
(TSXV: IVI) ("Ivrnet" or the "Corporation") announces the
completion of the Corporation's Non-brokered Private Placement
declared on August 19th,
2013.
Permission to issue an additional 380,000 shares
at $0.05 per share, for supplementary
net proceeds of $19,000, was granted
by the TSXV with their Final Acceptance issued November 13, 2013. This brings the total Share
issuance and aggregate proceeds of the Offering to 6,380,000 and
$319,000 respectively.
Proceeds of the Offering will be utilized for
the complete development of the next generation of the
Corporation's Membership Management & Payment Processing
Software Platform.
"Our core software platform development is
critical in enabling us to deliver our new and improved product
suite faster, with less cost and to broader markets with deeper
penetration rates," says Chris
Topolniski, Ivrnet's Vice President of Finance &
Administration. "Our Board of Directors, Senior Management Team and
all Ivrnet employees have worked extremely hard over the past 18
months to yield the improved 2013 financial results that we are now
enjoying as a company. We are delighted to see the market's
positive response to our Offering."
Each Share of the Offering is subject to a 4
month hold period. Insider Placees composed 36% of the Offering. No
finder's fees, broker's fees or commissions were paid in connection
with the Offering.
About Ivrnet
Ivrnet is a software and communications company that develops,
hosts, sells and supports value added business process improvement
software applications, delivered through the traditional phone
network and the Internet. These applications facilitate automated
interaction through personalized communication between people; mass
communication for disseminating information to thousands of people
concurrently and personalized communication between people and
automated systems. Ivrnet's applications are accessible through
nearly any form of communication technology, at any time, from
anywhere in North America via
voice, phone, fax, email, texting and the Internet.
Forward-looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information is often, but not always, identified by
the use of words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. In particular, this press release contains
forward-looking information relating to the closing of the Private
Placement. This forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
closing of the Private Placement not to occur or the closing date
to be materially different from that expressed or implied herein,
including but not limited to: risks related to capital markets,
general economic conditions, legislative and regulatory
developments, and the regulatory approval process for the Private
Placement, as well as those factors discussed in Ivrnet's documents
filed on SEDAR (www.sedar.com).
Although Ivrnet has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated.
Accordingly, readers should not place undue reliance on
forward-looking statements. Ivrnet does not undertake to update any
forward-looking statements that are contained herein, except in
accordance with applicable securities laws. Additional information
on Ivrnet is available at www.sedar.com.
www.ivrnet.com
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.
SOURCE IVRnet Inc.