VANCOUVER, May 26 /CNW/ - SMARTCOOL SYSTEMS INC. (SSC-TSXV) (the "Company") announces that further to its news release of May 21, 2010, the Company has amended the terms of its proposed private placement. The financing will now consist of up to 2.5 million units ("Units") at a price of $0.20 per Unit (previously $0.25 per Unit) to raise gross proceeds of up to $500,000. Each unit consists of one common share and one-half of a common share purchase warrant, each whole warrant entitling the holder to purchase an additional share at a price of $0.35 share for a period of 12 months from the date of issuance.
All other terms of the private placement remain the same.
For further information we invite you to visit us at www.smartcool.net.
ON BEHALF OF THE BOARD
Signed "George Burnes"
George Burnes, President
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: For further information: Telephone: (604) 669-1388