SEB Announces Closing of Second Tranche of $1.5 Million Unit Offering
(firmenpresse) - MISSISSAUGA, ONTARIO -- (Marketwired) -- 03/31/17 -- Smart Employee Benefits Inc. ("SEB" or the "Company") (TSX VENTURE: SEB) announces that is has closed a second tranche of its $1.5 million unit offering (the "Offering").
Aggregate proceeds of $500,000 were raised on this second tranche closing. 2,500,000 units (each a "Unit") were issued at a price of $0.20 per Unit. Each Unit consists of one common share of the Company and one transferable common share purchase warrant of the Company (a "Warrant"). Each Warrant is exercisable into one common share of the Company at a price of $0.30 per share and has a term of 18 months from the date of issuance.
All securities issued in connection with this second tranche of the Offering will be subject to a four-month hold period expiring July 31, 2017. Proceeds from this second tranche of the Offering will be used for repayment of debt and working capital purposes.
A total of $725,000 has been raised pursuant to the Offering thus far, and it is expected that the Offering will close in one additional tranche.
About SEB
Smart Employee Benefits Inc.'s global infrastructure is comprised of two operating divisions: Technology and Benefits. The Technology Division currently serves corporate and government clients across Canada and internationally. The Benefits Division focuses on offering SAAS and BPO solutions in the Health Benefits Sector to corporate and government clientele. The Benefits Division operates as a client of the Technology Division. The Technology Division is a critical competitive advantage in supporting the implementation of SEB's benefits processing solutions into client environments. Benefits Processing is a high-growth specialty practice area.
The core expertise of both divisions is data processing. Emphasis is on automating business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships.
For further information about SEB, please visit .
The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, including statements regarding the Company's areas of focus, other than statements of historical facts, which address the Company's expectations, should be considered as forward-looking statements and therefore subject to various risks and uncertainties. The words "may", "will", "could", "should", "would", "suspect", "outlook", "believe", "plan", "anticipate", "estimate", "expect", "intend, "forecast", "objective", "hope" and "continue" (or the negative thereof), and words and expressions of similar import, are intended to identify forward-looking statements.
Such forward-looking statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company's control, actual results may differ materially from the expectations expressed in the forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. The Company undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, other than as required by applicable 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.
Contacts:
MEDIA AND INVESTOR CONTACTS:
John McKimm
President/CEO/CIO
Office (888) 939-8885 x 354
Cell (416) 460-2817
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2017 - 20:24 Uhr
Sprache: Deutsch
News-ID 533802
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contact information:
Town:
MISSISSAUGA, ONTARIO
Kategorie:
Software
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