EDMONTON, April 30 /CNW/ - Serenic Corporation (the "Company" or
"Serenic") (TSX-V:SER), an international software developer and marketer
specializing in the deployment of Microsoft integrated business solutions,
announced today that the Company has closed the non-brokered private placement
previously announced on April 12, 2007.
The Company has issued 850,000 units ("Units") at a price of $0.40 per
Unit for total gross proceeds of $340,000. The proceeds from the private
placement will be used for debt reduction, marketing, and general working
As previously disclosed, each Unit is comprised of one (1) common share
and one (1) transferable common share purchase warrant exercisable at a price
of $0.75 for a period of one year from closing, provided that if after four
months and one day following the closing date the closing price of the common
shares is equal to or exceeds $0.85 for 20 trading days (which do not need to
be consecutive days), then the warrants shall automatically accelerate to
expire on the date which is 30 days after the 20 trading days.
About Serenic Corporation
Serenic Corporation publishes mission-critical software products for
not-for-profits (NFP), educational institutions and governments. The Company's
products are based on leading application and technology platforms from
Microsoft, including Dynamics NAV, SQL Server, .NET, and Access and are
distributed through value-added resellers and direct sales organizations. In
addition, Serenic Corporation is the exclusive developer and distributor of
the human resource management and payroll products for Dynamics NAV users in
ON BEHALF OF THE BOARD OF DIRECTORS
By: "Dwayne Kushniruk"
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Dwayne Kushniruk, firstname.lastname@example.org,
Phone: 1-877-426-5385 x 509