Vancouver, BC, June 10, 2009 – OneMove Technologies Inc. (“OneMove” or the “Company”)
(TSX-V: OM), a provider of a leading web-based real estate transaction platform, today announces plans to conduct a non-brokered private placement for total proceeds of up to $750,000. The Company intends to issue up to 15 million units at a price of $0.05 per unit. Each unit will consist of one common share and one common share purchase warrant, exercisable at a price of $0.075 per share for a period of three years. The proceeds from the private placement will be used for general corporate purposes.
The private placement, subject to regulatory approval, is expected to close on or about July 31, 2009. The common shares and warrants issued through the private placement will be subject to a four-month hold period from the date of closing, as per the policies of the TSX Venture Exchange
and applicable securities legislation.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Such securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States, or to a U.S. person, absent registration, or an applicable exemption there from.
About OneMove Technologies Inc.
OneMove Technologies Inc. (TSX-V:OM) offers a leading real estate transaction platform. Through econveyance™, its proprietary web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. Econveyance links all participants in the property transfer process, offering a secure and efficient means of seamlessly completing the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com.
Forward Looking Statement
This press release contains certain "forward looking statements." These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements.
Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and OneMove Technologies Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
For further information contact:
Martin R. Johnson / William Cawker
President & CEO Corporate and Shareholder Services
604.662.8207 ext 116 / 604.662.8207 ext 114
martin.johnson@onemovetech.com / william.cawker@onemovetech.com
Neither 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.