TORONTO, ONTARIO--(Marketwired - Jan. 31, 2014) - Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE:SFC) is pleased to announce the closing of its non-brokered (the "Non-Brokered Offering") private placements (the "Offering").
The Non-Brokered Offering whereby the Company issued an aggregate of 1,685,000 units (the "Units") at Cdn$0.30 per Unit, for gross proceeds of $505,500. Each Unit consists of one common share ("Unit Share") of the Company and one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company ("Warrant Share") at a price of Cdn$0.50 per Warrant Share until January 30, 2016. The Unit Shares, Warrants and Warrant Shares issued under the Offering are subject to a four-month hold period expiring on May 30, 2014.
The Offering was conducted in reliance upon certain prospectus and registration exemptions and is subject to the final acceptance of the TSX Venture Exchange.
About Solutions4CO2 Inc.:
Solutions4CO2 is a Canadian company that develops innovative waste-gas, water, biomass to high-value co-product solutions for the nutraceutical and pharmaceutical markets using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery™ ("IBR") and Bio-Extraction Process™ ("BEP"). The IBR integrates proprietary and licensed technology to process organic waste streams into high-value algae derived co-products. The BEP utilizes a liquid solvent process to extract high-value co-products from shrimp by-products.
This news release may contain forward-looking statements that are based on Solutions4CO2's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the 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.
For more information, please visit www.s4co2.com.