FIRESWIRL

January 06, 2014 - Vancouver, British Columbia - Fireswirl Technologies Inc. (TSXV:FSW).


“the Company”, is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") for 3,400,000 units (each, a "Unit") at a price of $0.20 per Unit. Each Unit consisted of one common share (a "Share") and one-half of one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one Share at a price of $0.25 for a period of one year from the date of issue. The Company raised aggregate gross proceeds of $680,000 from the sale of the Units.


In connection with the Private Placement, the Company paid a 7% cash commission to certain finders, including Mackie Research Capital Corporation, Raymond James Ltd., and Canaccord Genuity Corp., based on the gross proceeds derived from the sale of Units to investors introduced by each finder. All securities issued with respect to the Private Placement are subject to a statutory four month hold period expiring on May 7, 2014.


The Company intends to use the net proceeds of the Private Placement for working capital and operating expenses.


About Fireswirl Technologies Inc.

Fireswirl Technologies Inc. (TSXV: FSW) is focused on creating transactional revenue by engineering electronic and mobile commerce solutions for content providers. The Company’s technology has broad applications for those requiring multiple payment interfaces, multi-currency and multi-language capabilities. It can be adapted to any industry seeking high volume or micro-payment solutions involving a wide base of users through internet or wireless applications.