MONTREAL, Feb. 18 /CNW Telbec/ - SIPAR Inc. ("SIPAR") announced a subscription for 1,428,600 units at a price of $0.35 per unit of D-Box Technologies Inc. ("D-Box") through a private placement. Each unit is comprised of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of D-Box at a price of $0.55 until February 17, 2011.
Following this private placement, SIPAR has control over approximately 14.41% of the currently issued and outstanding common shares of D-Box. If SIPAR were to exercise all of its D-Box warrants, the participation of SIPAR would represent approximately 15.07% of the then issued and outstanding common shares of D-Box, on a partially-diluted basis.
This investment decision has been solely motivated by portfolio management considerations concerning the aggregate portfolio under discretionary management. SIPAR could increase or decrease its position as per the investment objectives or size of the investment portfolio that it manages for its clients. SIPAR does not, however, intend to acquire more than 20% of the outstanding shares of D-Box.
SIPAR is an institutional fund management firm specialized in the segment of emerging public companies in Quebec. For further information concerning SIPAR, please visit its Website at www.sipar.ca
SOURCE D-BOX Technologies Inc.
For further information: For further information: Mr. Serge Leclerc, President of SIPAR Inc., (514) 861-9252, email@example.com