RIWI completes $1.6M financing

Toronto (pcJ News Briefs) – RIWI Corp. (CSE: RIW) has completed previously announced non-brokered private placement of 656,571 units at $2.45 per unit for gross proceeds of $1,608,600

Each unit will consist of one common share and one common share purchase warrant entitling the holder to purchase, for a period of 18 months from the date of issue, one common share at an exercise price of $3.50 per share.

Proceeds will be used primarily to service existing and anticipated contracts and to invest in growing sales and business development needs.

RIWI is a global survey technology company using its proprietary, patented methods to capture a stream of privacy-compliant opinion data in any region of the world. RIWI data and dashboards help global corporations and government agencies predict, monitor and adapt to changing citizen needs, behaviours and attitudes in all countries.

photo credit: RIWI