Streetlight Intelligence Inc.

Streetlight Intelligence Inc.

March 01, 2005 17:06 ET

Streetlight Intelligence Announces Proposed $1.5 Million Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STREETLIGHT INTELLIGENCE INC.

TSX VENTURE SYMBOL: SLQ

MARCH 1, 2005 - 17:06 ET

Streetlight Intelligence Announces Proposed $1.5
Million Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Streetlight
Intelligence Inc. (TSX VENTURE:SLQ) (the "Corporation") announced today
that it proposes to complete a private placement up to 2,000,000 Units
of the Corporation at a price of $0.75 per Unit for gross proceeds of
$1,500,000. Each Unit shall consist of one (1) common share and one half
(1/2) of a share purchase warrant. Each full warrant shall entitle the
holder to purchase one (1) additional common share at $1.00 per share.
The Units will be subject to a four (4) month hold period from the date
of issue.

Completion of the private placement is subject to receipt of all
regulatory approvals, including approval of the TSX Venture Exchange Inc.

The Corporation may pay a cash commission not exceeding ten (10%)
percent of the gross proceeds raised to various finders.

The net proceeds from the private placement will be used for general
working capital.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Streetlight Intelligence Inc.
    Martin Winstanley
    (250) 544-0147 ext. 24
    Email: mwinstanley@streetlightIQ.com
    or
    Streetlight Intelligence Inc.
    #19-6782 Veyaness Rd ,
    Victoria, BC Canada V8M 2C2
    (250) 544-0147
    (250) 544-0148 (FAX)
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.