MONTREAL, July 24 /CNW Telbec/ - SIPAR Inc. ("SIPAR") announced a
subscription of 500 000 units at a price of $0.40 per unit of D-Box
Technologies Inc. ("D-Box") through a private placement.
Each unit comprised of one common share and one-half of a common share
purchase warrant. Each whole warrant will entitle the holder to purchase one
additional common share of D-Box at a price of $0.65 per share for a period of
eighteen (18) months from the closing date of the private placement and no
later than January 23rd 2011.
Following this private placement, SIPAR has control over approximately
16.07% of the current issued and outstanding common shares of D-Box. If SIPAR
were to exercise its privilege with respect to all the warrants it holds, the
participation of SIPAR would represent approximately 16.27% of the outstanding
common shares of D-Box, on a partially diluted base.
This investment decision has been solely motivated by portfolio
management considerations concerning the aggregate portfolio under
discretionary management. SIPAR could increase or decrease its position as per
the investment objectives or size of the investment portfolio that it manages
for its clients. SIPAR does not, however, intend to acquire more than 20%.
About SIPAR
SIPAR is an institutional fund management firm specialized in the segment
of emerging public companies in Quebec. For further information concerning
SIPAR, please visit its Website at www.sipar.ca
For further information: Serge Leclerc, President & CEO of SIPAR Inc.,
(514) 861-9252, sleclerc@sipar.ca
