Solutions4CO2 Inc. Announces Closing of Brokered and Non-brokered Private Placements
06 Dezembro 2013 - 12:42PM
Marketwired
Solutions4CO2 Inc. Announces Closing of Brokered and Non-brokered
Private Placements
TORONTO, ONTARIO--(Marketwired - Dec 6, 2013) - Solutions4CO2
Inc. ("S4CO2" or the "Company") - (TSX-VENTURE:SFC) is pleased to
announce the closing of its previously announced brokered (the
"Brokered Offering") and non-brokered (the "Non-Brokered Offering")
private placements (together, the "Offering").
Both the Brokered Offering and the Non-Brokered Offering were
oversubscribed and increased such that the Company issued an
aggregate of 6,292,330 units (the "Units") at Cdn$0.30 per Unit,
for gross proceeds of $1,887,699. Each Unit consists of one common
share ("Unit Share") of the Company and one common share purchase
warrant ("Warrant"). Each Warrant will entitle the holder to
purchase one common share of the Company ("Warrant Share") at a
price of Cdn$0.50 per Warrant Share until December 6, 2015. The
Unit Shares, Warrants and Warrant Shares issued under the Offering
are subject to a four-month hold period expiring on April 7,
2014.
AltaCorp Capital Inc. (the "Agent") was retained by the Company
in connection with the Brokered Offering and was paid broker fees
equal to 7% of the Brokered Offering. The Agent was also reimbursed
for certain expenses and disbursements pursuant to the
Offering.
The Offering was conducted in reliance upon certain prospectus
and registration exemptions and is subject to the final acceptance
of the TSX Venture Exchange.
About Solutions4CO2 Inc:
Solutions4CO2 is a Canadian company that develops innovative
waste-gas, water, biomass to high-value co-product solutions for
the nutraceutical and pharmaceutical markets using proprietary and
licensed technologies under the trademarks Integrated Biogas
Refinery™ ("IBR") and Bio-Extraction Process™ ("BEP"). The IBR
integrates proprietary and licensed technology to process organic
waste streams into high-value algae derived co-products. The BEP
utilizes a liquid solvent process to extract high-value co-products
from shrimp by-products.
Forward-looking Statements
This news release may contain forward-looking statements
that are based on Solutions4CO2's expectations,
estimates and projections regarding its business and the economic
environment in which it operates. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore,
actual outcomes and results may differ materially from those
expressed in these forward-looking statements and readers should
not place undue reliance on such statements. Statements speak only
as of the date on which they are made, and the Company undertakes
no obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances, unless otherwise
required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Solutions4CO2 Inc.Douglas Kemp-WelchCEO416-803-9435Solutions4CO2
Inc.Dil VashiManager Corporate Development416-803-9435 extension
104www.s4co2.com
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