Norpac Technologies, Inc.
OTC Bulletin Board : NRPT

June 18, 2008 15:02 ET

Norpac Technologies, Inc. Announces $1.575 Million Private Placement

BELLINGHAM, WASHINGTON--(Marketwire - June 18, 2008) - Norpac Technologies, Inc. (OTCBB:NRPT) ("Norpac") is pleased to announce that its Board of Directors has approved an offering on a private placement basis, of up to 10,500,000 units at a price of $0.15 per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.20 per share for a period of two years from closing. The offering will be made to non-US persons in reliance of Regulation S of the United States Securities Act of 1933. The proceeds of the offering will be used for general corporate purposes and, subject to closing of the Cellynx acquisition, to provide working capital for the Cellynx cell phone signal amplification business. There is no assurance that any units will be sold under the offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States or to U.S. persons.

This Press Release may contain, in addition to historical information, forward-looking statements. These forward looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular there is no assurance that any units will be sold or the private placement will be completed or that the Cellynx acquisition will be completed.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.


John P. Thornton, President

Contact Information

  • Norpac Technologies, Inc.
    John P. Thornton
    (360) 201-9591