MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO CITY, MEXICO and PARIS, FRANCE--(Marketwired - Aug. 1, 2013) - Parta Dialogue Inc. (TSX VENTURE:PAD) ("Parta") an upcoming leader in Social Media Optimization and Social Learning, is pleased to announce that it closed a private placement on July 31, 2013 (the "Closing Date") of 7,820,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $391,000 (the "Offering").
Each Unit consists of one common share in the share capital of Parta (a "Share") and one half of one share purchase warrant. Each whole share purchase warrant is exercisable to acquire an additional Share at price of $0.10 within 24 months of the Closing Date.
Four Insiders of Parta participated in the private placement by subscribing for 1,720,000 Units, representing $86,000 or approximately 22% of the gross proceeds from the Offering.
"The proceeds of this Private placement will be entirely focused on deploying #esuite, our unique patent pending and award winning social marketing solution for corporation. Since our latest version was introduced to the market this spring, we have tremendous traction from direct clients and from our agency partners," said Paul Allard, Parta's CEO.
The Units and all underlying securities are subject to a 4-month plus 1 day hold period from the Closing Date, expiring on December 1, 2013, pursuant to securities legislation and the policies of the TSX Venture Exchange (the "TSXV"). The Offering remains subject to final acceptance by the TSXV. The Units and all underlying securities under the Offering have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration.
No commission was paid in connection with the Offering.
Parta Dialogue is an up and coming leader in Social Media Optimization and Social Learning .for organizations at the forefront of digital strategy. Our clients include some of the largest and some of the smallest (but hippest) companies in the world, and the list is growing. Parta is aggressively investing in building out the most robust technology offering in the market (#esuite™) for brands and companies to support their entire social marketing cycle, from the data they want, to the insights they need leading to conversions they crave. The #esuite includes: social listening (#elisten™), publishing (#eshare™), and measuring social communities in real-time (#evalue™). Parta is the company behind Edu-Performance and #engagementlabs
Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Proctor and Gamble, Nestlé, Durex, Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote. www.partadialogue.com
Parta is listed on the TSXV under the symbol PAD and operates through two subsidiaries:
#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.
edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.
Neither 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.