TORONTO, ON – October. 9, 2013 - VersaPay Corporation (TSX VENTURE:VPY) (“VersaPay”), a leading provider of cloud-based financial technology solutions, is pleased to announce that all 702,000 bonus warrants issued pursuant to the Company’s note financing on December 21, 2010 at an exercise price of $0.75 were exercised prior to the accelerated deadline (see our news release dated September 12, 2013) for total gross proceeds of $526,500.
The additional funds will be used to expand the rollout of VersaPay’s Electronic Invoicing Presentment and Payment platform (EIPP) as well as its existing point-of-sale (POS) business.
VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types required to accept and process electronic payments. In addition, the Company’s proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY.
More information about VersaPay can be found at www.versapay.com.
Forward-Looking and Other Cautionary Statements
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of … Read more