Sofame Closes Third and Final $60,000 Tranche of Private Placement Totaling $225,000

MONTREAL, March 15, 2013 /CNW Telbec/ - Sofame Technologies Inc. (TSXV: SDW) (OTC.PK: SFMGF), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, has closed a third and final $60,000 tranche of its non-brokered private placement totaling $225,000 through the issue of units at a price of $0.02 per unit.  Each unit is comprised of one common share and a twelve-month purchase warrant for half of one common share at $0.05 cents.  $165,000 of units had been sold in 2012 in tranches of $5,000, with shares subject to a 12-month hold period.  Proceeds of the funding are being applied to specific outstanding trade debts, interest, taxes and government liabilities as follows:

• Governments - $ 121,636
• Trade Suppliers - $ 72,314
• Bridge Loan Costs - $ 20,370
• Public Company Costs - $ 4,998

The private placement is subject to the TSX Venture Exchange's Notice to Issuers dated August 17, 2012, regarding Temporary Relief from Certain Pricing Requirements.  Under the rules and regulations of the bulletin, the Company has provided TSXV with information and documentation to support TSXV's final acceptance of the Private Placement and granting of relief from certain existing pricing requirements.

The Private Placement has been duly and validly approved by the Company's Board of Directors, and no Directors have a direct interest in the Private Placement.  This Private Placement is necessary to support existing operations, activities and assets, and none of the proceeds will be used to fund the purchase or pursuit of new businesses, operations or activities, or to compensate, settle indebtedness with, or otherwise satisfy obligations to, any person who is a Related Party (as such term is defined in Policy 1.1 of the TSX Venture Exchange Corporate Finance Manual).

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.

SOURCE: SOFAME TECHNOLOGIES INC.

John Gocek
President & CEO
[phone] x200

Stone Communication Services
Jason Stone
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