OneSoft Receives $2.1 Million from Exercise of All Outstanding Warrants
15 Marzo 2018 - 5:00AM
OneSoft Solutions Inc. (the “Company” or “OneSoft”)
(TSX-V:OSS, OTC:OSSIF) is pleased to announce that it has
received $2.1 million from the exercise of all outstanding
warrants. As reported in the Company’s MD&A filed January 25,
2018 on SEDAR, the Company had 16.4 million warrants due to expire
in February and March, 2018. The Company is pleased to report that
all warrants have been exercised and zero warrants are now
outstanding. OneSoft’s current cash balance after the warrant
exercise is approximately $4.1 million.
“We believe this full warrant exercise indicates investors’
continued confidence in the future of our Company,” said CEO Dwayne
Kushniruk. “We believe this is due to our recent news flow
regarding progress with our Fortune 500 clients and pilot programs,
as well as the announcement that we’ve teamed up with Phillips 66
to develop and globally market Polaris, a
comprehensive SaaS solution for pipeline operators. The additional
$2.1 million strengthens our already strong balance sheet and gives
us comfortable runway to execute on our objective to maximize new
customer additions. We’d like to thank our investors for
their strong support and confidence in our vision.”
ABOUT ONESOFT SOLUTIONS AND ONEBRIDGE
OneSoft has developed software technology and products that have
capability to transition legacy, on premise licensed software
applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in
conjunction with Office 365, CRM Online, Microsoft BI and Microsoft
Azure Machine Learning. OneSoft's business strategy is to seek
opportunities to convert legacy business software applications that
are historically cumbersome to deploy and costly to operate, to a
more cost-efficient subscription-based business model utilizing the
Microsoft Azure Cloud Platform and Services, with accessibility
through any internet capable device.
Visit www.onesoft.ca for more information.
The Company’s wholly owned subsidiary, OneBridge Solutions Inc.,
develops and markets revolutionary new SaaS solutions that use data
science and Machine Learning to conduct predictive analytics on big
data for the Oil & Gas pipeline industry, which assists
operators to predict pipeline failures and thereby save lives,
protect the environment, reduce operational costs and address
regulatory compliance requirements.
Visit www.onebridgesolutions.com for more
information.
FOR MORE INFORMATION, PLEASE CONTACT
Dwayne Kushniruk, CEOdkushniruk@onesoft.ca(780) 437‐4950
Sean Peasgood, Investor RelationsSean@SophicCapital.com(416)
565-2805
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements relating
to the future operations, product creation revenues and
profitability of the Company, the Company’s efforts to develop and
commercialize the technology with the capabilities, and Phillips
66’s ability to use the technology, as described, and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as “may”, “should”,
“anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and
similar expressions. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Such forward-looking information is
provided for the purpose of delivering information about
management's current expectations and plans relating to the future.
Investors are cautioned that reliance on such information may not
be appropriate for other purposes, such as making investment
decisions.
In respect of the forward-looking information and statements,
the Company has placed reliance on certain assumptions that it
believes are reasonable at this time, including expectations and
assumptions concerning, among other things: interest and foreign
exchange rates; planned synergies, capital efficiencies and
cost-savings; applicable tax laws; the sufficiency of budgeted
capital expenditures in carrying out planned activities; the
availability and cost of labour and services; the efficacy of its
software, its ability to complete projects to expected deadlines,
the success of growth projects; future operating costs; that
counterparties to material agreements will continue to perform in a
timely manner; that there are no unforeseen events preventing the
performance of contracts; and that there are no unforeseen material
development or other costs related to current growth projects or
current operations. Accordingly, readers should not place undue
reliance on the forward-looking information contained in this press
release. Since forward-looking information addresses future events
and conditions, such information by its very nature involves
inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to many factors and
risks. These include, but are not limited to the risks associated
with the industries in which the Company operates in general such
as: costs and expenses; interest rate and exchange rate
fluctuations; competition; human capital engagement and
availability, ability to access sufficient financial capital from
internal and external sources; and changes in legislation,
including but not limited to tax laws.
Readers are cautioned that the foregoing list of factors is not
exhaustive. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release, and the Company undertakes no
obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
Canadian securities law.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities within the United
States. The securities to be offered have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, or
any state securities laws, and may not be offered or sold in the
United States absent registration or an applicable exemption from
the registration requirements of such Act or other laws.
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.
OneSoft Solutions (TSXV:OSS)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
OneSoft Solutions (TSXV:OSS)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024