QUEBEC CITY, Jan. 10, 2013 /CNW Telbec/ - Innovente Inc. (TSXV: IGE)
("Innovente" or the "Company") is pleased to announce that it has
closed its previously announced private placement of common shares (the
"Common Shares") at a price of $0.55 per Common Share for total gross
proceeds of approximately $2,260,149.65 (the "Private Placement"). The
Private Placement was conducted by National Bank Financial Inc. acting
as agent (the "Agent").
The net proceeds from the Private Placement will be used by Innovente to
complete the construction of the Saint-Patrice-de-Beaurivage project,
to fund its working capital and for general corporate purposes.
Innovente has paid the Agent an aggregate agent's commission of
$158,210.48 in connection with the Private Placement.
The Common Shares issued as part of the Private Placement are subject to
a four-month plus one day statutory resale restriction ending on May
In addition, Innovente is pleased to announce the appointment of
Marjolaine Giasson as interim chief financial officer of the Company to
replace Isabelle Jomphe, who, as previously announced, will resign as
chief financial officer of the Company effective on January 31, 2013.
Ms. Giasson, a Certified Public Accountant, CA, brings over 14 years of
accounting and finance experience and has worked in both private
practice and industry, including 5 years with a technology company. The
Company would like to thank Ms. Jomphe for her service.
This press release shall not constitute an offer to sell or the
sollicitation of an offer to buy securities in the United States, or
for the account or benefit of U.S. persons (as such term is defined in
Regulation S under the United States Securities Act of 1933, as
Based in Quebec City, Innoventé produces renewable energy and provides
communities with a green and sustainable solution for the management of
residual organic matter. Innoventé stock is listed on the TSX Venture
Exchange under the ticker symbol IGE (TSXV: IGE). www.innovente.ca
Disclaimer regarding forward-looking statements
Certain statements included herein, including those that express
management's expectations or estimates of the Company's future
performance, constitute "forward-looking statements" within the meaning
of applicable securities laws. Forward-looking statements are
necessarily based on a number of estimates and assumptions that, while
considered reasonable by management when they are made, are inherently
subject to significant business, economic, and competitive
uncertainties and contingencies. Investors are cautioned not to place
undue reliance on forward-looking statements. The Company disclaims any
intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events or
Neither TSX Venture Exchange nor its Regulation Services Provider (as
these terms are defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
SOURCE: Innoventé Inc.
For further information:
Director of Communications, Innoventé
Tel: 418 692-1011 ext. 200