Webtradex International announces private placement financing of up to US$1,500,000
Sep. 29, 2010 (Baystreet.ca) --
WEST PALM BEACH, FL -- Webtradex International Corp. (OTCBB: ZDVN) ("The Company") announces that the Board of Directors has approved on September 24th, 2010 a private placement financing, pursuant to which the Company will offer up to 3 million units at $0.50 per unit for gross proceeds of up to $1.5 million. Each unit comprises one common share of the Company and one common share purchase warrant, which can be converted into one common share of the Company within twelve months at an exercise price of $0.75 per share.
The proceeds, net of direct expenses, will be used for working capital and acquisitions.
ABOUT THE COMPANY
Webtradex International Corporation is seeking to expand into the internet industry by acquiring internet-related technologies and other related assets.
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 within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a results of new information, future events or otherwise, except as required by law.
SOURCE Webtradex International Corp.
Source: Accesswire (September 29, 2010 - 6:11 PM EDT)
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