Sprylogics International Increases Non-Brokered Private Placement
2011年5月18日 - 12:08AM
Marketwired
Sprylogics International Corp. ("Sprylogics" or the "Company") (TSX
VENTURE: SPY) reports that the non-brokered private placement
announced on April 29, 2011 has been increased by $150,000 in
Units. The placement will now consist of Units aggregating
$2,600,000. In addition, the Company may pay cash finder's fees of
up to 10% of the gross proceeds of the financing. All other terms
pertinent to the financing which have been disclosed in the April
29, 2011 press release remain the same.
The Units will be subject to a four month statutory hold period
from the date of issuance. The Private Placement is conditional
upon receipt of approval by the TSX Venture Exchange.
The net proceeds of the Private Placement will be used to repay
debt and for general working capital purposes.
About Sprylogics International Corp.
Sprylogics International Inc. develops advanced search,
analysis, and compliance technology. These solutions provide case
management tools to the Fortune 500. Additionally, Sprylogics'
products search large amounts of unstructured data on the web, and
in internal corporate databases, and convert it into more relevant
searches for a variety of applications. The core technology driving
Sprylogics' solutions is embedded in the Cluuz Search Engine
platform. Cluuz search results are visually displayed through
patent pending semantic cluster graphs and result in improved
decision-making capabilities. Find out more at www.sprylogics.com,
and www.cluuz.com.
Cautionary and Forward-Looking Statements
Statements contained in this news release which are not
historical facts are forward-looking statements that involve risk,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. All statements regarding the Company's
ability to complete the Private Placement and to repay its existing
debt are forward-looking statements and involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. All
forward-looking statements included in this news release are based
on information available to the Company on the date hereof. The
Company assumes no obligation to update any forward-looking
statements, except as required by applicable securities laws.
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.
Contacts: Sprylogics International Corp. Michael Frank CEO (416)
677-9277 Michael@sprylogics.com www.sprylogics.com
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