BURNABY, BC, Oct. 24 /CNW/ - Photon Control Inc. (the "Company") (TSX-V:
PHO) announces that it is arranging a non-brokered private placement ("Private
Placement") pursuant to which the Company will sell up to 10,000,000 common
shares ("Common Shares") of the Company at a price of $0.075 per share (the
closing price of the Company's common shares on the TSX Venture Exchange on
October 23, 2007) for gross proceeds of up to $750,000.
The proceeds are intended for accelerated commercialization of selected
innovative optic product lines.
The Private Placement is subject to acceptance by the TSX Venture
About Photon Control Inc. www.photon-control.com
Photon Control Inc. develops and manufactures optoelectronic products for
measurement and control. All Photon's products have competitive advantages in
both performance and cost. Markets for Photon's products include semiconductor
capital equipment, oil and gas, power industry, life sciences and research.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents herein.
For further information:
For further information: Lauren Nickel, Investor Relations, (604)
422-8861 x 108, email@example.com