Sigma Industries proceeds with a private placement - Private placement conditionally approved by TSX Venture Exchange

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 and Europe.

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. 
Denis Bertrand
President and Chief Executive Officer
(418) 484-5282
denis.bertrand@sigmaindustries.ca

Organization Profile

SIGMA INDUSTRIES INC.

More on this organization

Maison Brison - English

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890