DENVER, Nov. 10, 2016 /PRNewswire/ -- ID Watchdog, Inc. (TSX VENTURE: IDW) (OTC: IDWAF) ("ID Watchdog" or the "Company"), provider of consumer-facing identity theft protection and resolution services, today announced the issuance of Ordinary Shares and the proceeds received from the exercise of expiring warrants. All amounts are in U.S. dollars.
In November 2011, the Company issued certain warrants to purchase Ordinary Shares of the Company with an exercise price of $0.15 per Ordinary Share, which expired on November 8, 2016 (the "Warrants"). Prior to expiration, certain holders exercised the Warrants and will be issued 3,455,758 Ordinary Shares and the Company received $490,525 of proceeds from the exercise of these Warrants. The Company will use the proceeds to repay a portion of its outstanding borrowings and, upon issuance of the Ordinary Shares described above, the Company will have a total of 143,440,355 Ordinary Shares outstanding. Historical Financial Reports Financial information contained in this press release should be read in conjunction with the unaudited consolidated interim condensed financial statements and notes thereto included in our most recent annual and quarterly reports. These documents are available online at www.sedar.com and in the "Company Overview" section of our website at www.IDWatchdog.com. About ID Watchdog, Inc.