Excellium Inc.

Excellium Inc.

April 30, 2013 17:21 ET

Excellium Inc. Announces Entering Into Advisory Services Agreement

QUEBEC, CANADA--(Marketwired - April 30, 2013) - Excellium Inc. ("Excellium" or the "Corporation") (TSX VENTURE:XLM) announced today that it has entered into an Advisory Services Agreement with Byron Capital Markets Ltd. ("Byron") pursuant to which Byron will provide the Corporation with financial and strategic advisory services. The term of the agreement is three (3) months, unless otherwise extended by mutual written agreement of the parties. Excellium will pay Byron a monthly advisory fee of $25,000, payable in common shares of Excellium, whereby the deemed share issuance price will be the greater of (i) $0.05 per share; (ii) the volume-weighted average price of Excellium's common shares during the month in which the services were provided; and (iii) such higher price as may be required by the TSX Venture Exchange. The TSX Venture Exchange has conditionally accepted the issuance of common shares to Byron pursuant to the Advisory Services Agreement.

Excellium is a security company specialized in biometrics identity systems and proactive security management and in the integration of security products for the institutional and industrial markets. Excellium is active in two distinct but complementary lines of business: electronic security, which includes security management, access control and video surveillance, and electronic identification, comprising background checks and biometric identification.

Excellium's common shares are listed on the TSX Venture Exchange under the trading symbol "XLM" and the year-end Financial Statements and the Management's Discussion & Analysis and its continuous disclosure filings are available on SEDAR at www.sedar.com. For further information about Excellium, please visit its website at www.excellium.ca.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of XLM as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Although XLM believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of XLM contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.

CUSIP #: 300685

Neither the 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.

Contact Information

  • Excellium Inc.
    Jean-Claude Siew
    President and CEO
    (514) 798-8899