OTTAWA, June 25, 2012 /CNW/ - Seprotech Systems Incorporated (TSXV: SET)
("Seprotech" or the "Company") advises that it has entered into a
financial advisory agreement with Jacob Securities Inc. (the
Jacob Securities Inc. ("Jacob") is an independent full-service
investment bank providing underwriting and financial advisory services
to companies in the renewable power, infrastructure, energy and mining
sectors. The firm, which is headquartered in Toronto, primarily
services small and mid-cap issuers in North America and around the
world. The firm has comprehensive coverage of the complete energy
spectrum - from renewable energy and clean technology to conventional
utilities to oil and gas to energy linked natural resources such as
coal, uranium, lithium and rare earth.
Jacob does not currently own directly any common shares of Seprotech and
the relationship between Jacob and the Company is entirely arms-length.
Jacob has also contracted to sponsor the TSX Venture Exchange listing
for the Company's recently announced merger by way of reverse takeover
with the WESA Group Inc.
Under the terms of the agreement, Jacob will provide Seprotech with
advisory services to support the Company's positioning within the
capital markets. The agreement provides for a monthly retainer of
$5,000, increasing to $7,500 monthly at such time as trading in
Seprotech's common shares recommences. The agreement is for an initial
term of 12 months, and may be extended by mutual agreement. Source of
funds for these services is from the Company's operating revenues. No
indirect consideration is involved.
Seprotech is a provider of pre-engineered water and wastewater treatment
solutions to the municipal/land development, resource sector and
military market place, including 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. Some of the statements in this press
release, including those relating to the Company's strategies and other
statements that are predictive in nature, that depend upon or refer to
future events or conditions, or that include words such as "expects",
"anticipates", "intends", "plans", "believes", "estimates" or similar
expressions, are forward-looking statements within the meaning of
securities laws. Forward-looking statements include, without
limitation, the information concerning possible or assumed future
results of operations of the Company. These statements are not
historical facts but instead represent only the Company's expectations,
estimates and projections regarding future events. 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.
SOURCE Seprotech Systems Incorporated
For further information:
Mr. Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-0851