BOUCHERVILLE, QC, March 28, 2013 /CNW Telbec/ - Noveko International
Inc. (TSX: EKO) (the "Corporation") is pleased to announce a first
closing in connection with its private placement of a minimum of
5,333,333 Class A Shares ($320,000) and of a maximum of 8,333,333 Class
A Shares ($500,000), at a price of $0.06 per share. A total number of
6,000,000 Class A Shares were subscribed for a total subscription price
of $360,000, of which 5,433,333 Class A Shares ($326,000) were
subscribed by Corporation's insiders. These 6,000,000 Class A Shares
are subject to a 4-month holding period. Additional closings may occur
until the maximum of 8,333,333 Class A Shares ($500,000) will have been
subscribed for. The funds obtained through this private placement will
fulfill our needs for working capital until the closing of our $10 to
$12 million main financing.
Profile of the Corporation
The Corporation specializes in the air filtration segment by providing
its clientele with innovative and eco-energetic filtration solutions.
As such, through its subsidiaries, the Corporation notably designs,
develops, manufactures and markets air filters incorporating its
patented air filtration technologies, which filters are cleanable and
recyclable, and have a much longer life span than conventional air
filters. These filters are used in farm buildings, in institutional,
commercial, industrial and residential buildings, and in the ground and
aeronautics transport industry.
Through distributors, the Corporation furthermore continues to
commercialize antimicrobial masks and respirators, hands sanitizers and
ultrasound scanners for use in human and veterinary medicine.
Certain statements set forth in this press release constitute
forward-looking statements. In some cases, these statements are
identified by the use of terms such as "may", "could", "might",
"intend", "should", "expect", "project", "plan", "believe", "estimate"
or other comparable variants. These statements are based on the
information available at the time they are written, on assumptions made
by management and on the expectations of management, acting in good
faith, regarding future events, including those relating to economic
conditions, fluctuations in exchange rates and operating expenses, and
the absence of unusual events entailing supplementary expenditures.
Although management considers these assumptions and expectations
reasonable based on the information available at the time they are
written, they could prove inaccurate. Forward-looking statements are
also subject, by their very nature, to known and unknown risks and
uncertainties such as those related to the industry, acquisitions,
labor relations, credit, key officers, supply and product liability.
The actual results of Noveko International Inc. could differ materially
from those indicated or underlying these forward-looking statements.
The reader is therefore recommended not to unduly rely on these
forward-looking statements. Forward-looking statements do not reflect
the potential impact of special items, any business combination or any
other transaction that may be announced or occur subsequent to the date
hereof. Unless otherwise required under securities laws, the
Corporation does not intend and undertakes no obligation to update or
revise the forward-looking statements.
SOURCE: NOVEKO INTERNATIONAL INC.
For further information:
Senior Vice-President and Chief Financial Officer
Tel: (514) 875-0606