MONTREAL and PARIS, France, April 11, 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 that it has completed the second tranche of its previously announced brokered private placement by issuing 2,280,000 common shares at a price of $0.25 per common share for gross proceeds of $570,000 (the "Offering"). Taking into consideration the first tranche of the private placement completed on March 8th, Parta raised total gross proceeds of $2,905,000.
The Offering was completed with the assistance of a syndicate of agents led by Industrial Alliance Securities Inc. and Byron Capital Markets Ltd. (collectively, the "Agents"), who received a cash commission equal to 8% of the gross proceeds of the Offering and compensation options equal to 8% of the common shares sold pursuant to the Offering, entitling them to purchase common shares of the Company at a price of $0.25 per common share, exercisable in whole or in part for a 24-month period.
The common shares of the Company were issued in reliance upon exemptions from the prospectus and registration requirements of applicable Canadian securities legislation and will be subject to a hold period until August 12, 2012. Closing of the private placement is subject to final approval of the TSX Venture Exchange.
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."
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