Solutions4CO2 Inc. Announces Closing of First Tranche of Non-Brokered Private Placement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/17/13 -- Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE: SFC) is pleased to announce, in compliance with TSX Venture Exchange ("TSXV") policies, the first-tranche closing of its previously-announced, non-brokered private placement for gross proceeds of C$480,000 (the "Private Placement"). Pursuant to the Private Placement, the Company issued 3,200,000 units (the "Units") at C$0.15 per Unit. Each Unit consisted of one common share ("Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of C$0.20 until April 17, 2016. The Common Shares issued are subject to a four-month-plus-one-day hold period that expires on August 18, 2013.
The Company paid a finder's fee of C$33,600 in connection with the Private Placement.
The Private Placement was conducted in reliance upon certain prospectus and registration exemptions. The net proceeds of the Private Placement will be used to enhance the Company's cash on hand and strengthen its working capital position. Post closing, the Company will have 39,951,344 shares outstanding.
About Solutions4CO2:
Solutions4CO2 is a Canadian company that develops innovative waste-gas, water, biomass to high-value co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery™ ("IBR") and Bio-Extraction Process™ ("BEP"). The IBR integrates best in class technologies to convert various organic waste streams into high-value algae co-products. The BEP utilizes supercritical CO2 fluid extraction to extract and fractionate high-value co-products from shrimp by-products. Solution4CO2's business model allows the company to participate in joint-venture projects with partners across the waste-to-high-value co-product value chain, or sell projects on a design, build, operate and maintain basis.
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.
For more information, please visit .
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.
Contacts:
Solutions4CO2 Inc.
Douglas Kemp-Welch
CEO
416-803-9435
Solutions4CO2 Inc.
Dil Vashi
Manager Corporate Development
416-803-9435 extension 104
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Datum: 17.04.2013 - 14:30 Uhr
Sprache: Deutsch
News-ID 1217516
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Alternative Energy
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