Prosys Announces a Share for Debt of $1,022,000 and the Partial Closing for an Amount of $625,000 of the Announced Private Place
2008年9月9日 - 1:02AM
Marketwired
Prosys-Tech Corporation ("Prosys" or the "Corporation") (TSX
VENTURE: POZ) announces the first closing of the non brokered
private placement previously announced for a total subscription of
CDN$625,000 with several individual investors, for a subscription
price of $0.10 per unit, subject to the approval of the TSX Venture
Exchange and of any other securities authority. Subscriptions
totalling approximately CDN$475,000 come from 3 insiders and
directors of the Corporation, Mr. Georges Hebert, Mr. Daniel Hebert
and Mr. Kerrigan Turner. The Corporation intends to complete a
second closing to raise up to CDN$175,000 in the next few days. The
decision to make such a private placement stems from the need for
the Corporation to promote the development of its projects (CDMS /
PEAK) as well as to meet its short term financial obligations.
Each unit will consist of one common share of the Corporation
and one common share purchase warrant. Each warrant will entitle
the holder thereof, during a period of 24 months from the date of
issuance of the warrant, to purchase one common share at an
exercise price of $0.12 per common share. Each common shares issued
will have a mandatory 4 months holding period.
Moreover, the Corporation announces that it will issue common
shares in order to settle a loan as well as interest and management
fees related to said loan contracted with the FIER CPVC-Montreal.
Prosys will issue 4,257,643 common shares at a price of $0.24 per
share in settlement of an amount of $1,021,834.48. This transaction
is subject to the TSX Venture Exchange approval and the approval of
any other securities authority.
Resignation of Directors
Finally, the Corporation announces the resignations of Normand
Duval as a Director for personal reasons and of Pierre-Hubert
Seguin as Corporate Secretary and as a Director for reasons
stemming from his professional activities.
About Prosys
Prosys is a distributor of information technology products
having offices in Montreal, Quebec and Ottawa. Prosys maintains its
participation in CDMS Inc and Peak Positioning Inc.. Through CDMS,
Prosys also offers a wide range of products, including a 24/7
multilingual technical service desk, network operations and
monitoring, managed services, IT consulting and a host of value add
hardware solutions. The Corporation currently holds 37% of Peak's
issued shares and has an option to increase its participation in
Peak to 50.1%. The investment in Peak is in the scope of the
Corporation's steps to diversify the global offer of services to
its current customers and to improve Prosys' positioning for the
development of the SMB market. For more information regarding CDMS
and Peak, please visit www.cdmsfirst.com and
www.peakpositioning.com.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
Contacts: Prosys Tech Corporation Mr. Georges Hebert President
and Chief Executive Officer 514-255-3454, extension 270
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