CALGARY, June 15 /CNW Telbec/ - ALERT B&C Corporation ("ALERT B&C" or the
"Corporation") (TSX Venture Exchange: ACB) is pleased to announce the first
closing of its Non-Brokered Private Placement as well as an extension of the
final closing and an increase to the size of the offering.
Further to the press release dated May 20, 2009, a total of 300 Units
were issued pursuant to a first closing on June 12, 2009, for total gross
proceeds of $300,000. $50,000 was purchased by an insider of the Corporation.
ALERT B&C has extended the financing and intends to complete the final closing
on or about July 10, 2009. The Corporation has also increased the size of the
offering to a minimum of $300,000 (300 Units) and a maximum of $1,000,000
ALERT B&C believes that these initial funds will allow it to more
aggressively pursue partnerships, joint-ventures, licensing/royalty agreements
and/or being acquired. Many business opportunities have not been pursued
during the Corporation's reorganization process and will now become the
ultimate focus of ALERT B&C.
The Corporation has been fortunate to attract the advice and experience
of two international security experts. These individuals have used their
extensive global networks to promote the ALERT B&C technology. The pursuit of
business opportunities through these relationships is ongoing.
The Corporation would like to thank its shareholders for their patience
during its reorganization and resilience in a troubled global financial
marketplace where small/micro cap. companies have been particularly affected.
About ALERT B&C Corporation
The Corporation is a BioDefence company dedicated to supplying the
BioDefence market with high quality technologies, products and solutions, in
order to improve and maintain the safety and the security of individuals
worldwide. The Intellectual Property owned by ALERT B&C, the MAB Technology
has been in use since 2001 by a variety of groups and is a globally recognized
technology. For more information about the Corporation visit our new website
This press release contains forward-looking statements, which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual events
could differ materially from those projected herein. Investors should consult
the Corporation's quarterly filings and annual reports for additional
information on risks and uncertainties relating to these forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. The Corporation disclaims any obligation to update these
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Mr. Kurt G.J. Soost, President & CEO, ALERT B&C
Corporation, Toll-free: 1-866-802-0366 (Canada), (403) 802-0366, Fax: (403)