Semco Technologies Inc.

December 08, 2006 17:10 ET

Semco Technologies Inc. Announces Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 8, 2006) - Semco Technologies Inc. (TSX VENTURE:STT)("Semco") announces it proposes to make a non-brokered private placement offering of up to 3,000,000 units at $0.27 per unit for gross proceeds of up to $810,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of $0.40 per share for two years. The proceeds of the offering will be used for general working capital purposes. Completion of the private placement is subject to the approval of the TSX Venture Exchange. Closing of the offering is proposed for December 19, 2006.

About Semco

Semco, through its subsidiaries, is involved in the design and manufacture of bulk handling systems in the food, petrochemical and mining industries for corporations, engineering firm and governments in Canada, the United States and internationally.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Semco Technologies Inc.
    Phil Jamieson
    (905) 670-9301