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| Home : SEB Announces Proposed Equity Financing of Up to $1,050,000 |
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Jan 03
2013 |
SEB Announces Proposed Equity Financing of Up to $1,050,000 |
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TORONTO, ONTARIO--(Marketwire - Jan. 2, 2013) - Smart Employee Benefits Inc. ("SEB") (TSX VENTURE:SEB), is pleased to announce it intends to complete an equity private placement of up to $1,050,000 of units; at a purchase price of $0.35 per unit, with each unit consisting of 1 common share of SEB and 1 common share purchase warrant of SEB (the "Share Purchase Warrant"). Each Share Purchase Warrant shall be exercisable at any time for a period of 12 months from the date of closing at an exercise price of $0.40 for 1 common share of SEB. The financing is a non brokered financing of which SEB expects a significant portion will be received from private investors and strategic business partners. All securities issued in connection with the private placement are subject to a four month hold period from the date of closing. |
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| Source:http://www.marketwire.com/mw/release.do?id=1741923&sourceType=3 |
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