VANCOUVER, Feb. 17 /CNW/ - Smartcool Systems Inc. (TSX-V: SSC) is pleased to announce it has increased its private
placement previously announced on February 14, 2011, such that the
Company will now offer up to 13,333,334 units (previously 10,000,000
units) at $0.30 per unit, to raise proceeds of up to $4,000,000
All other terms of the private placement remain the same. Each unit is
comprised of one common share and one-half of a non-transferable common
share purchase warrant, with each whole warrant entitling the holder
thereof to purchase an additional common share at a price of $0.45 per
share for a period of 24 months from the closing date.
This announcement is made on behalf of Smartcool's Board of Directors.
About Smartcool Systems Inc.
Smartcool Systems Inc. (TSX-V: SSC) manufactures and distributes the
Energy Saving Module (ESM)™ and the ECO3™, which make refrigeration and air conditioning systems more efficient,
resulting in proven cost savings, reduced energy consumption, and a
smaller carbon footprint. More than 26,000 units have been installed
worldwide for customers such as supermarkets, food distributors,
telecom, hospitals, and hotels. www.smartcool.net
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
SOURCE SmartCool Systems Inc.
For further information:
George Burnes, (604) 669-1388 ext. 102 or firstname.lastname@example.org
Jeff Walker, Howard Group, (403) 221-0915 ext. 222
Robert Bailey, G2 Consultants, (604) 742-9990 or email@example.com