Serenic announces completion of financing



    EDMONTON, June 7 /CNW/ - Serenic Corporation (the "Corporation" or
"Serenic") (TSX-V:SER), an international software developer and marketer
specializing in the deployment of Microsoft integrated business solutions,
announced today that it has closed the final portion of the non-brokered
private placement previously announced on May 2, 2007.
    Pursuant to this final closing, the Corporation has issued 215,000 Units
at a price of $0.60 per Unit, for gross proceeds of $129,000. Each Unit
consists of one (1) common share and one-half (1/2) of a transferable common
share purchase warrant exercisable at a price of $0.80 per share 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 $1.50 per share 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. Finders' and
administrative fees totalling approximately $8,700 were paid to arms-length
parties who assisted in completing this final portion of the private
placement, and compensation warrants have been issued to such parties
entitling the holders thereof to purchase an aggregate of up to 21,500 common
shares for a period of one year from the closing date.
    This completes the financing project that was first commenced in
April 2007. In total, gross proceeds of $1,539,993 have been raised pursuant
to the two non-brokered private placements conducted in April and May 2007,
and an additional $200,000 has been contributed pursuant to the exercise of
stock options.
    "This additional funding allows Serenic to pursue new strategic global
initiatives to fuel the growth of the company, while continuing to accelerate
core activities that address our North American business," stated Dwayne
Kushniruk, Chairman of Serenic. "We thank High Tech Venture Capital Inc. who
has assisted to complete this financing, and are pleased with the keen
interest and support exhibited by our new shareholders."

    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 of the human resource
management and payroll products distributed by Microsoft as part of its
Dynamics NAV ERP solution for North American markets.

    
    ON BEHALF OF THE BOARD OF DIRECTORS

    By:  "Dwayne Kushniruk"
         ------------------

    Chairman
    SERENIC CORPORATION


        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, dkushniruk@serenic.com,
Phone: 1-877-426-5385 x 509

Organization Profile

SERENIC CORPORATION

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