Seprotech completes shares for debt swap
2012年6月20日 - 3:23PM
PR Newswire (Canada)
OTTAWA, June 21, 2012 /CNW/ - Seprotech Systems Incorporated
("Seprotech" or the "Company") advises that following TSX Venture
Exchange approval it has completed with its debenture holders the
conversion of 50% of the principal amount of the debentures
($352,500) for 3,525,000 common shares of the Company, at a
conversion price of $0.10 per share. The remaining principal amount
of the debentures ($352,500) is being repaid with interest in 12
equal monthly payments, which commenced on May 15, 2012. The
Company issued 3,525,000 common shares of the Company at a deemed
price of $0.10 per share upon conversion of the debt. After this
issuance, the current issued and outstanding number of common
shares of the Company is 66,446,926. Harry Marshall, CEO of
Seprotech, said, "This is a key step in strengthening our balance
sheet. We are gratified by the support demonstrated by this group
of our key suppliers and partners." About Seprotech: Seprotech is a
provider of pre-engineered water and wastewater treatment solutions
to the municipal/land development, resource sector, and military
market place. Solutions include Reverse Osmosis water
purification systems, ROTORDISK® biological sewage treatment
package plants, and CrystalBlue™ membrane-based water recycling
systems. Neither 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. The TSX Venture Exchange has neither
approved nor disapproved of the information contained herein. The
Company does not undertake any obligation to update or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this presentation or to reflect the
occurrence of unanticipated events, except as required by law.
Seprotech Systems Incorporated CONTACT: Mr. Ian W. Malone, CFOTel:
(613) 523-1641Fax: (613) 731-0851
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