Parta Dialogue Inc.

Parta Dialogue Inc.

October 22, 2012 08:57 ET

Parta Dialogue Completes a $500,000 Private Placement

MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO, MEXICO and PARIS, FRANCE--(Marketwire - Oct. 22, 2012) - Parta Dialogue (TSX VENTURE:PAD) ("PARTA" or the "Company"), experts in Social Campaign Optimization and Social Learning, is pleased to announce that it has completed a non-brokered private placement by issuing 2,000,000 units at a price of $0.25 per unit, each unit being composed of one common share and one half (1/2) warrant, for gross proceeds of $500,000 (the "Offering"). Each full warrant entitles its holder to purchase one common share of the Company at a price of $0.40, exercisable for a 24-month period.

The Offering was completed with the assistance of an Agent, who received a cash commission equal to 5% of the gross proceeds of the Offering. The common shares of the Company were issued in reliance upon exemptions from the prospectus and registration requirements of applicable Canadian securities legislation and will be subject to a hold period until February 20, 2013. Closing of the private placement is subject to final approval of the TSX Venture Exchange.

About Parta

Parta offers Social Media and Social Learning solutions to its clients from offices in Montreal, Toronto, Paris and Mexico and is the developer of leading eValue™ Social Media ROI Suite:

Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Renault, Orange, Michelin, Hydro-Québec, Iusacell (Mexico), Dassault Systems, Nestlé Waters and Crédit Agricole.

PARTA is listed on the TSX Venture Exchange 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:

edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions:

Other Information

Completion of the acquisition of M30 has received conditional approval from the TSX Venture Exchange Inc. but the TSX-V has in no way passed upon the merits of the acquisition of M30 and has neither approved nor disapproved the contents of this press release.

"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."

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