/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
CALGARY, June 29 /CNW/ - Decision Dynamics Technology Ltd. (Decision
Dynamics; TSX-V: DDY), a provider of operations management software to the
energy industry, today announced that the Company has closed the second
tranche of its private placement announced June 1, 2007. This tranche included
brokered and non-brokered portions resulting in the sale of 5,631,667 Units
comprised of one common share and one half warrant at $0.30 per Unit for gross
proceeds of $1,689,500.20. Each full warrant will be exercisable into one
common share at a price of $0.40 per share for a period of one year from the
date of issuance thereof.
Canaccord Corporation was paid a cash commission of $80,000.02 equal to
8% of the gross proceeds in the brokered placement, 25,000 common shares, as
well as agent's warrants exercisable for 266,667 common shares at any time
over the next eighteen months at an exercise price of $0.30 per common share.
The foregoing private placement is subject to receipt of final approval
from the TSX Venture Exchange. In accordance with applicable securities laws,
the common shares and warrants issued under this portion of the private
placement are subject to four-month hold periods that will expire October 29,
To date the Company has sold a total of 8,338,333 Units for gross
proceeds of $2,501,500.20.
Additional information regarding the Company is available on SEDAR at
About Decision Dynamics Technology Ltd.
Decision Dynamics Technology Ltd. is a leading provider of software
solutions to help energy companies more effectively manage their resources and
reduce costs by providing real time visibility into business operations and
performance. Its flagship products include Oncore, a project control and cost
management solution that provides real-time cost information, contract
validation and approvals for capital projects and daily operations management;
and Wellcore, a well information management solution that provides oil and gas
companies with business visibility across the entire well lifecycle enabling
them to make better faster decisions. Decision Dynamics is a Microsoft Gold
Certified Partner. The Company's head office is located in Calgary, Alberta,
Canada. It operates wholly-owned foreign subsidiaries in the United States
with offices in Houston, Texas.
Decision Dynamics trades on the TSX Venture Exchange under the symbol
"DDY". For more information visit www.ddytech.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statements - Certain statements contained in this release
constitute forward-looking statements or information. These statements relate
to future events or Decision Dynamics' future performance. The use of any of
the words "could", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not historical
facts are intended to identify forward-looking statements or information and
are based on Decision Dynamics' current belief or assumptions as to the
outcome and timing of such future events. Actual future results may differ
materially. Decision Dynamics' annual report to shareholders and other
documents filed with securities regulatory authorities (accessible through the
SEDAR website www.sedar.com) describe the risks, uncertainties and other
factors, such as, our capacity to finance our activities, changes in business
plans and potential delays or changes in plans with respect to development
projects or capital expenditures, that could influence actual results.
Decision Dynamics disclaims any intention or obligation to publicly update or
revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise, except as may be expressly
required by applicable securities law.
For further information:
For further information: David N. Hunt, Chief Financial Officer,
Decision Dynamics Technology Ltd, (403) 451-0691, firstname.lastname@example.org