Sofame Technologies files preliminary short form prospectus for equity offering of up to $5 million - Common shares to qualify for inclusion in a Quebec Stock Savings Plan II


    MONTREAL, June 5 /CNW Telbec/ - Sofame Technologies Inc. (TSX-V: SDW), a
leading manufacturer of environmentally efficient industrial hot water systems
and cost efficient heat recovery equipment for traditional boilers, is pleased
to announce that it has filed a preliminary short form prospectus in
connection with a new issue of common shares in the province of Quebec. The
offering will be conducted through a syndicate of agents led by Desjardins
Securities Inc. and including Loewen Ondaatje McCutcheon Limited.
    The offering, which is expected to close on or before June 30, 2009, will
consist of a treasury issue of common shares of Sofame to be priced in the
context of the market, for maximum gross proceeds to Sofame of $5 million.
    Sofame has granted an over-allotment option to the agents, exercisable,
in whole or in part, for a period of 30 days following the closing of the
offering, to purchase up to an aggregate amount of additional common shares on
the same terms as the offering, representing 15% of the number of treasury
shares sold pursuant to the offering, to cover over-allotments, if any.
    Sofame will use the net proceeds from the offering primarily to reinforce
its sales and marketing team and to further develop the market for it
products. The balance of proceeds will be applied to Sofame's working capital
and used for general corporate purposes.
    In connection with the offering, Sofame has received an advance income
tax ruling from Revenu Québec confirming that the shares offered pursuant to
the prospectus will qualify for inclusion in a Quebec Stock Savings Plan II in
accordance with the Taxation Act (Québec).
    The offering is subject to regulatory approval, including that of the TSX
Venture Exchange.
    There are currently 99,894,216 common shares of Sofame issued and

    About Sofame Technologies Inc.

    Sofame Technologies Inc. custom engineers and manufactures unique,
high-efficiency direct-contact industrial hot water systems. Sofame's products
extract up to 99 percent of heat from flue gases depending on the application,
and also from wastewater, and return the energy in the form of
high-temperature hot water or pre-heated make-up air. Sofame's products help
hospitals, food processing plants, universities, central heating plants,
utilities and many more large energy consumers to significantly reduce fuel
costs and greenhouse gas emissions. Using world-leading, patented green
technology, Sofame serves industrial, institutional and commercial markets
through a network of dedicated engineering representatives. For more
information, visit

    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.

    This news release is intended for distribution in Canada only and is not
intended for distribution to United States newswire services or dissemination
in the United States. The securities offered have not been registered under
the U.S. Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be
    %SEDAR: 00005005EF

For further information:

For further information: Michel Brisson, President and Chief Executive
Officer, Sofame Technologies Inc., (514) 523-6545 x210

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