QUEBEC CITY, April 5 /CNW Telbec/ - Sigma Ventures Inc. ("Sigma") (TSX
Venture Exchange: SVX), a leading composite and metal products manufacturer,
announced today the final closing, for an additional $824,232.60, of the
private placement announced February 21st, for which the initial closing was
finalized on March 16, 2007. The private placement's total and final amount
reaches $5,000,683.50. A total of 5,556,315 shares from Sigma's capital stock
was released in relation to this placement.
"The private placement's success has allowed us to realize, once again,
how much confidence investors have in our strategic plan," stated Denis
Bertrand, Sigma's President and CEO. The private placement's net proceeds
will, among other things, serve to reduce long-term debt, as well as to meet
the company's working capital needs.
As part of this final closing, Sigma issued 915,814 units at a price of
$0.90 a unit. Each unit is composed of a common share and a half warrant. Each
full warrant will allow its holder to subscribe to a common Sigma share at the
price of $1.15 per share; the warrant is valid for 60 months from the date of
its issuance. All securities issued are subject to a four-month (4) resale
The closing of the private placement remains conditional on obtaining the
required authorizations from regulatory bodies (including the final approval
of the TSX Venture Exchange).
As part of this private placement, Blackmont Capital Inc. also received
135,289 compensation options from Sigma. Each option entitles Blackmont
Capital Inc. to purchase one (1) common share from Sigma at a share price of
ninety cents ($0.90) per common share, valid for a period of eighteen (18)
months starting March 29, 2007.
ABOUT SIGMA VENTURES
Sigma Ventures Inc. (TSX-V: SVX) is a leading composite and metal
products manufacturer. Sigma has six operating subsidiaries which employ
650 people. The Company is active in the growing heavy duty truck, coach,
transit and bus, train and subway, machinery, agriculture, light forestry and
alternative energy market segments. Sigma offers its products to original
equipment manufacturers and distributors in the United States, Canada and
Sigma has had a recent history of steady growth and accretive
acquisitions. Its recent and planned growth initiatives are expected to
continue to raise Sigma's profile with investors.
This press release contains certain forward-looking statements with
respect to the Company. Such forward-looking statements are dependent upon a
certain number of factors and are subject to risks and uncertainties. Actual
results may differ from those expected. The information contained in this
press release is dated April 5, 2007, the date on which the Directors approved
the press release. Management does not assume any obligation to update or
revise any forward-looking statements, whether as a result of new information
or future events, except when required by the regulatory authorities.
The exchange does not accept responsibility for the adequacy or accuracy
of this release.
For further information:
For further information: Sigma Ventures Inc.: Denis Bertrand, Chief
Executive Officer, (418) 780-3902, denis.bertrand @sigmaventures.ca; Sigma
Ventures Inc.: Bertrand Côté, Chief Financial Officer, (418) 780-3903,
firstname.lastname@example.org; MaisonBrison/BarnesMcInerney: Frédéric
Beausoleil, Executive Vice-President, IR, (514) 731-0000, Ext. 228,