MONTREAL, Jan. 28 /CNW Telbec/ - Sofame Technologies Inc. (TSX-V: SDW),
a leading manufacturer of environmentally efficient industrial hot
water systems and cost effective heat recovery equipment is pleased to
announce that today the Company issued by way of private placement
6,000,000 non-brokered units at a price of $0.05 per unit. Shares are
subject to a 4-month hold period. Each tranche of $5,000 is accompanied
by 100,000 common share purchase warrants, entitling the holder to
acquire one additional common share of Sofame at an exercise price of
$0.10 until January 27th, 2016. Pinetree Capital, an insider in Sofame,
acquired 2,000,000 common shares and 2,000,000 common share purchase
warrants. There are currently 141,658,652 issued and outstanding common
shares of Sofame.
According to John Gocek, President and CEO said, "The response from
investors gives us cause for great optimism. Sofame's prospects for
sustained profitable growth are excellent this year."
Sofame Technologies Inc. custom engineers and manufactures unique,
high-efficiency direct-contact industrial hot water systems which
extract up to 99 percent of heat from flue gases depending on the
application, and return the energy in the form of high-temperature hot
water or pre-heated make-up air. Sofame's products help hospitals, food
processing plants, universities, central heating plants, utilities and
many more large energy consumers to significantly reduce fuel costs and
greenhouse gas emissions. Using world-leading, patented green
technology, Sofame serves industrial, institutional and commercial
markets through a network of dedicated engineering representatives. For
more information, visit www.sofame.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 SOFAME TECHNOLOGIES INC.
For further information:
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