Sofame Technologies Ltd. Announces Private Placement Financing Increase


    MONTREAL, April 26 /CNW Telbec/ - Sofame Technologies Inc. (SDW: TSX-V)
is pleased to announce that, further to its news release issued April 3, 2007,
it will be increasing its private placement financing of 10% unsecured
convertible debentures by $250,000, for a maximum gross proceeds of
$1,750,000. The additional $250,000 principal amount of debentures will be
offered in tranches of $50,000 and will bear interest at a rate of 10% per
annum, payable quarterly in arrears, and maturing three years from the date of
issuance. The principal amount of each debenture will be convertible into
common shares of Sofame at the option of the holder. The conversion price of
these additional tranches will be $0.135 per share for the first two years
from the date of issuance, and thereafter at a price per share of $0.1485
until maturity. Each $50,000 tranche will be accompanied by 250,000 common
share purchase warrants entitling the holder thereof to acquire one additional
common share of Sofame at a price per share of $0.15 for a period of
twenty-four months from the closing of the private placement. The additional
$250,000 principal amount of debentures will close concurrently with the
previously-announced $1,500,000 offering.
    In connection with the private placement, Notre-Dame Capital Inc. will
receive a fee equal to 10% of the gross proceeds raised under the offering. In
addition, Sofame will issue a non-transferable compensation warrant to
Notre-Dame Capital Inc., entitling it to purchase that number of common shares
of Sofame equal to 10% of the number of common shares issuable assuming
conversion of the debentures sold in the private placement. The compensation
warrant will be exercisable at a price of $0.135 per common share for a period
of two years after the closing of the private placement.


    Sofame Technologies Inc, ( a corporation located in
Montreal, offers direct-contact water heating technology to commercial,
institutional and industrial markets, allowing customers to realize energy
savings and significantly reduce greenhouse gas emissions. Sofame retains
exclusive production and distribution rights on patented direct contact heat
exchange systems, which were developed in close cooperation with partners such
as the natural Gas Technologies Center, Gas Metro, Gaz de France and Keyspan
Energy of New York.  Sofame is listed on the TSX Venture Exchange stock market
under the symbol SDW and its financial statements are filed on the SEDAR web
site (

    Rami Shehabi
    President & CEO

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Commercial Inquiries: Rami Shehabi, President
and CEO, (514) 523-6545

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