Article: Genesis Worldwide Inc. Announces Closing of Previously Announced $1,675,000 Non-Brokered Private Placement of Common Shares and Warrants; Transaction Converts Secured Convertible Debentures and Strengthens Balance Sheet.

MISSISSAUGA, ONTARIO, Jul 27, 2009 (Marketwire via COMTEX) -- Genesis Worldwide Inc. ("Genesis" or the "Corporation"), (TSX:GWI), a leading provider of 'green' structural building products and technology in the light steel structural products industry, announces that it has completed its previously announced non-brokered private placement (the "Private Placement") of 6,700,000 common shares at a price of $0.25 per common share raising aggregate gross proceeds of $1,675,000. In addition, each subscriber pursuant to the Private Placement received one half of a common share purchase warrant (a "Warrant") for each common share subscribed for. Each Warrant is exercisable to ...

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