SAINT-ÉPHREM-DE-BEAUCE, QC, Oct. 28, 2013 /CNW Telbec/ - Sigma
Industries Inc. ("Sigma" or the "Company") (TSXV: SSG) announces that
it intends to proceed with a private placement, subject to final
approval by the TSX Venture Exchange.
The private placement will consist of an eight-year loan for a principal
amount of $1,075,000. The loan will bear interest at an annual rate of
10%, payable quarterly, and will be convertible at any time over the
term of the loans, in whole or in part, into common shares of Sigma.
The conversion price will be $0.05 per share in the first year for a
maximum of $500,000. The balance will be convertible at $0.10 per share
for the term of the loan.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a manufacturing company specializing in the production of
composite components, has four operating subsidiaries and employs 400
people. The Company is active in the heavy-duty truck, coach, transit,
machinery and wind energy markets. Sigma sells its products to original
equipment manufacturers and distributors in the United States, Canada
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SIGMA INDUSTRIES INC.
For further information:
Sigma Industries Inc.
President and Chief Executive Officer