Smartcool Offers Private Placement

VANCOUVER, Nov. 15, 2011 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) today announced that it plans to offer through a non-brokered private placement up to 2,500,000 units at price of $0.20. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to acquire one common share at an additional purchase price $0.30 per share at any time up to twelve months from the closing date.

Smartcool may, at its discretion; pay a finder's fee of up to 7% of the gross proceeds. The proceeds from the offering of Units will be used for general working capital and purchase of inventory.

Closing of the proposed private placement is subject to certain customary conditions, including, but not limited to, the execution of definitive subscription agreements with subscribers, and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

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

About Smartcool
Smartcool Systems Inc. (TSX-V: SSC) provides energy efficiency solutions for businesses around the world.  The ESM™ and ECO3™ are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems, with no risk to existing equipment performance.  www.smartcool.net

SOURCE SmartCool Systems Inc.

For further information:

Sales/Distribution Inquiries  Direct Investor Inquiries  US Investor Inquiries
Smartcool Systems Inc.  Smartcool Systems Inc.  Murdock Capital Partners Corp.
Cameron Hunter  George Burnes  Luis J. Mejia
VP of Sales at Smartcool  CEO of Smartcool  Managing Partner
T. +1 604 669 1388 x 110  T. +1 604 639 5625  T. +1 917 535 8755
 
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