MONTREAL and PARIS, Feb. 27, 2012 /CNW Telbec/ - PARTA Dialogue Inc.
(TSXV: PAD) ("PARTA" or the "Company"), experts in Social Media and
Social Learning for businesses, is pleased to announce it has entered
into an agreement with Byron Capital Markets Ltd. and Industrial
Alliance Securities Inc. (together, the "Agents") to sell up to
10,000,000 common shares at a price of $0.25 per common share on a
commercially reasonable efforts private placement basis for gross
proceeds of up to $2,500,000 (the "Base Offering"). In addition, the
Company has granted the Agents an overallotment option to sell up to an
additional 2,000,000 common shares (the "Over-Allotment Option" and
together with the Base Offering, the "Offering").
Proceeds from the Offering will be used to accelerate the
commercialization of its e-Value™ application, fund potential
acquisitions and for general working capital purposes.
The common shares of the Company being issued pursuant to the Offering
will be issued in reliance upon exemptions from the prospectus and
registration requirements of applicable Canadian securities legislation
and will be subject to a four-month plus a day hold period from the
date of issuance. Completion of the contemplated Offering is subject to
regulatory approval including that of the TSX Venture Exchange.
Closing of the Offering is anticipated the week of March 5, 2012 and is
subject to receipt of regulatory approvals, including approval of the
TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
PARTA offers Social Media and Social Learning solutions to its clients
from offices in Montreal, Paris and Mexico. Many visionary businesses
already employ PARTA's solutions for internal and external online
engagement. Among these are Renault, Orange, Michelin, Hydro-Québec,
Iusacell (Mexico), the Canadian Association of Petroleum Producers,
Nestlé Waters, Crédit Agricole, and Fondaction.
PARTA is listed on the TSX Venture Exchange under the symbol PAD. PARTA
has a subsidiary that specializes in Social E-Learning, Edu-Performance
Canada Inc (www.eduperformance.com).
For more information, please visit www.partadialogue.com.
"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 PARTA DIALOGUE INC.
For further information:
Tom Liacas, VP Social Media
Parta Dialogue Inc.
+1 (514) 771-5120
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245