Seprotech Systems Incorporated

Seprotech Systems Incorporated

December 03, 2007 11:18 ET

Seprotech Agrees to Terms of Private Placement With Toronto-based Investment Firm

OTTAWA, ONTARIO--(Marketwire - Dec. 3, 2007) - Seprotech Systems Incorporated (TSX VENTURE:SET)("Seprotech") is pleased to announce it has agreed to a $500,000 private placement with a Toronto-based investment firm through the services of M Partners. Completion is subject to regulatory approval and scheduled for closing on 04 December, 2007.

The private placement with the Fund will consist of 2,000,000 Units at $ 0.25 per Unit. Each Unit will consist of one common share of Seprotech and one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share of Seprotech at an exercise price of $ 0.50 for a period of 24 months.

"This private placement broadens our base of strong institutional shareholders and further increases Seprotech's visibility in the investment community," said Martin Hauschild, President and CEO of Seprotech.

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue™ membrane-based water recycling systems and the ROTORDISK® wastewater treatment systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Seprotech Systems Incorporated
    Investor Relations
    Mr. Robert J. Searle
    613-731-0851 (FAX)