VANCOUVER, Jan. 23, 2012 /CNW/ - SmartCool Systems Inc. (TSXV: SSC) (the "Company") is pleased to announce that further to its news
release dated January 17, 2012, it has completed the non-brokered
private placement consisting of 2,678,571 common shares at a price of
$0.14 per share for gross proceeds of approximately $375,000 (the
The common shares issued pursuant to the private placement are subject
to four-month resale restriction that expires on May 21, 2012.
The proceeds raised will be used for general working capital and
purchase of inventory.
Smartcool Systems Inc. (TSXV: SSC) provides energy efficiency solutions
for businesses around the world. The ESM™ and ECO3™ are Smartcool's
unique retrofit technologies that reduce the energy consumption of
compressors in air conditioning, refrigeration and heat pump systems,
with no risk to existing equipment performance. www.smartcool.net
On behalf of SmartCool Systems Inc.
George Burnes, President and CEO
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 SmartCool Systems Inc.
For further information:
President and CEO