QUEBEC CITY, Aug. 20 /CNW Telbec/ - Lyrtech Inc. ("Lyrtech" or the "Company") (TSX-V: LTK), a firm specializing in digital signal processing technologies, is proud to announce that it has obtained the final approval of the TSX Venture Exchange inc. for all three private placements closed on August 4, 2010. These private placements consisted in the issuance of a convertible debenture of $250,000, of 2,160,714 units and of 732,143 common share of the Company, for a total of $452,500.
Lyrtech develops and manufactures advanced digital signal processing solutions for companies worldwide, a vital technology to network and wireless communications, audio and video processing, as well as electronic systems in all fields of technology. Lyrtech offers a full range of DSP-FPGA development platforms, as well as design, prototyping, and manufacturing of electronic products (through its manufacturing partner Enigma Interconnect). Lyrtech works in partnership with industry leaders such as Texas Instruments, The MathWorks, and Xilinx. Lyrtech's customers include many prestigious names of the consumer electronics, telecommunications, aerospace and defence fields. For more information, visit www.lyrtech.com.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LYRTECH INC.
For further information: For further information: Louis Bélanger, president and CEO, Lyrtech Inc., 418-877-4644, firstname.lastname@example.org