Seprotech Systems Incorporated

Seprotech Systems Incorporated

December 11, 2007 10:01 ET

Seprotech Finalizes Private Placement with Toronto-Based Investment Firm

OTTAWA, ONTARIO--(Marketwire - Dec. 11, 2007) - Seprotech Systems Incorporated (TSX VENTURE:SET) ("Seprotech") is pleased to report it has received conditional regulatory approval and closed the $500,000 private placement announced on 04 December 2007, with a Toronto-based investment firm. The transaction is subject to final approval from the Exchange.

The private placement was completed with the services of M Partners and consists of 2,000,000 Units at $ 0.25 per Unit. Each Unit consists of one common share of Seprotech and one share purchase warrant. The common shares are subject to a hold period, which expires on April 10, 2008. Each share purchase warrant will entitle the holder to acquire one common share of Seprotech at an exercise price of $ 0.50 for a period of 24 months.

"Seprotech is pleased to have another institution join its shareholder base. This placement increases Seprotech's exposure significantly and is very strategic for the Company," said Martin Hauschild, President and CEO of Seprotech. "The Investment Firm has a strong focus in the resource and environmental sectors and sees water being increasingly commoditized worldwide. With the launch of CrystalBlue™ water recycling technology, Seprotech is well positioned to provide solutions to growing global concerns on the sustainability of water resources," concluded Mr. Hauschild.

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, resource sector and military market place, including CrystalBlue™ membrane-based water recycling systems and the ROTORDISK® wastewater treatment systems.

Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subseqquent events or circumstances.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Seprotech Systems Incorporated
    Mr. Robert J. Searle
    Investor Relations
    613-731-0851 (FAX)