EDMONTON, March 28 /CNW/ - Serenic Corporation (the "Corporation" or
"Serenic") (TSX-V:SER), an international software developer specializing in
integrated financial management and HCM solutions for not-for-profit
organizations (NFP), government agencies, and Microsoft Dynamics NAV users,
announced today that it has applied to the TSX Venture Exchange for extension
of the expiry dates of warrants that were issued in connection with two
private placement financings conducted between April and June 6 of 2007.
The Corporation is seeking approvals to extend the expiry dates of
850,000 common share purchase warrants that were issued in connection with a
private placement of an aggregate of 850,000 units at $0.40 per unit that
closed on April 30, 2007 (the "Issue 1 Warrants"), from the original expiry
date of April 30 2008 when issued, to April 30, 2009; and 999,994 common share
purchase warrants that were issued in connection with a private placement of
an aggregate of 1,999,988 units at $0.60 per unit that closed between May 31,
2007 and June 6, 2007 (the "Issue 2 Warrants"), from the original expiry dates
of May 31, 2008 and June 6th, 2008 when issued, to April 30, 2009.
The Issue 1 Warrants and Issue 2 Warrants will retain their current
exercise prices of $0.75 and $0.80, respectively, and in all other respects
the terms of the warrants will remain unchanged and in full force and effect.
About Serenic Corporation
Serenic Corporation develops, markets and supports mission-critical fund
accounting software solutions for not-for-profit organizations and government
agencies. In addition, Serenic is the exclusive developer of the human
resources and payroll products for Microsoft Dynamics NAV ERP users in North
America. The Company's products are based on leading application and
technology platforms from Microsoft, including Dynamics NAV, SQL Server, and
.NET. Serenic is a member of Microsoft's Inner Circle, an elite group of
67 members representing the top 1% of Microsoft partners world-wide. Serenic
has offices in Edmonton and Denver and staff located throughout the USA.
ON BEHALF OF THE BOARD OF DIRECTORS
By: "Dwayne Kushniruk"
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Dwayne Kushniruk, (firstname.lastname@example.org);
Randy Keith, (email@example.com); or Paul Johnston, CFO,
(firstname.lastname@example.org), Phone: 1-877-426-5385 x 509