New Issue: WordLogic sells $1.19 million of stock, warrants

By Laura Lutz

Des Moines, Oct. 2 - WordLogic Corp. raised $1.19 million from private placements of stock between Aug. 10 and Sept. 27, according to an 8-K filing with the Securities and Exchange Commission.

Each share was accompanied by one two-year warrant.

Of the shares, 125,000 were priced at $0.30 with an associated warrant strike price of $0.50; 2,252,297 were priced at $0.30 with a warrant strike price of $1.00; 276,000 were priced at $0.50 with a warrant strike price of $0.75; 420,000 were priced at $0.50 with a warrant strike price of $1.00; and 200,000 were priced at $0.65 with a warrant strike price of $1.00.

Twenty-one investors, including some insiders of the company, participated in the placement.

WordLogic is a keyboard and data-entry company based in Vancouver, B.C.

Issuer:	WordLogic Corp.
Issue:	Stock
Amount:	$1,191,189
Units:	3,273,297
Price:	$0.30 (for 2,377,297 shares); $0.50 (for 696,000 shares); $0.65 (for 200,000 shares)
Warrants:	One warrant per share
Warrant expiration:	Two years
Warrant strike price:	$0.50 (for 125,000); $0.75 (for 276,000); $1.00 (for 2,872,297)
Settlement dates:	From Aug. 10 to Sept. 27
Stock symbol:	OTCBB: WLGC
Stock price:	$0.60 at close Aug. 10; $1.79 at close Sept. 27

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