Imaflex Announces Exercise of Warrants for Proceeds of $ 621,763

Stock Symbol: IFX

MONTREAL, Feb. 2, 2015 /CNW Telbec/ - Imaflex Inc. (TSXV: IFX) ("Imaflex" or the "Corporation") is pleased to announce that warrants have been exercised for the purchase of 1,381,695 common shares of the Company at a price of $0.45 per share for proceeds of $621,762.75. These warrants were issued further to completion of the private placement offering for the purchase of units as previously announced by the Company in the press release dated February 1, 2012. Insiders of the Company exercised 1,315,895 warrants for proceeds of $592,152.75.

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.

 

SOURCE Imaflex Inc.

For further information: Joseph Abbandonato, President and C.E.O; Giancarlo Santella, CPA, CA - Corporate Controller, Tel: (514) 935 - 5710, Fax: (514) 935 - 0264, e-mail: info@imaflex.com, Website: www.imaflex.com

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