MONTREAL and PARIS, March 8, 2012 /CNW Telbec/ - PARTA Dialogue Inc. (TSXV: PAD) ("PARTA" or the "Company"), an expert in Social Media Optimization and Social Learning for businesses, is pleased to announce it has completed its previously announced private placement by issuing 9,340,000 common shares at a price of $0.25 per common share for total gross proceeds of $2,335,000 (the "Offering").
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 July 9, 2012. Closing of the private placement is subject to final approval of the TSX Venture Exchange.
PARTA recently launched the e-Value™, a groundbreaking SaaS tool that gauges the efficiency of social media brand presence in real time. Visit: http://www.socialmediaefficiency.com/
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), , Nestlé Waters, Crédit Agricole, and Fondaction.
For more information, please visit www.partadialogue.com.
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).
"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