Smartcool Increases Private Placement

VANCOUVER, Feb. 17 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce it has increased its private placement previously announced on February 14, 2011, such that the Company will now offer up to 13,333,334 units (previously 10,000,000 units) at $0.30 per unit, to raise proceeds of up to $4,000,000 (previously $3,000,000).

All other terms of the private placement remain the same.  Each unit is comprised of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant entitling the holder thereof to purchase an additional common share at a price of $0.45 per share for a period of 24 months from the closing date.

This announcement is made on behalf of Smartcool's Board of Directors.

About Smartcool Systems Inc.

Smartcool Systems Inc. (TSX-V: SSC) manufactures and distributes the Energy Saving Module (ESM)™ and the ECO3™, which make refrigeration and air conditioning systems more efficient, resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. More than 26,000 units have been installed worldwide for customers such as supermarkets, food distributors, telecom, hospitals, and hotels. www.smartcool.net

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE SmartCool Systems Inc.

For further information:

George Burnes, (604) 669-1388 ext. 102 or georgeb@smartcool.net 
Jeff Walker, Howard Group, (403) 221-0915 ext. 222
Robert Bailey, G2 Consultants, (604) 742-9990 or info@g2consultants.com

Profil de l'entreprise

SmartCool Systems Inc.

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