VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2012) - AFG Flameguard Ltd. ("AFG" or the "Corporation") (CNSX:AFG) announces the issuance of 1,129,000 units at a price of $0.15 per unit for the total consideration of $169,350.
Each unit consists of one common share and one common share purchase warrant ("Warrant"). Two Warrants entitle the holder to purchase one common share of AFG for $0.30, expiring August 16, 2013. The proceeds of the private placement are to be used for general working capital purposes.
As a result of the private placement, the number of issued and outstanding common shares of AFG increased from 28,653,992 to 29,782,992.
For more information, please visit AFG's website at www.afg5.com and view AFG's disclosure record on the Canadian National Stock Exchange website at www.csnx.ca and on SEDAR at www.sedar.com.
About AFG Flameguard Ltd.
AFG markets and distributes an environmentally friendly suite of fire and life safety products that save lives and reduce property loss. AFG's product line includes dry sprinkler powdered aerosol systems ("DSPA"), NOFIQ fire suppression systems ("NOFIQ"), intumescent (fire resistant) paints, coatings and fabric sprays and photoluminescent products. Through AFG's exclusive distribution agreement with AFG Group Nijmegen B.V. ("AFG Group") AFG can market and distribute AFG Group's wide range of products in Canada, Mexico, Guyana, Panama and Kurdistan to fire departments, businesses, government agencies, home owners, commercial buildings, the military - practically any institution that needs to protect their personnel and assets from the devastation of fire.
Follow AFG on Twitter at twitter.com/afgflameguard.
Neither the Canadian National Stock Exchange (the "CNSX") nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.