SOURCE: STT Enviro Corp.

STT Enviro Corp.

March 16, 2015 07:30 ET

STT Enviro Corp. Announces Closing of US$2 Million Non-Brokered Private Placement

TORONTO, ON--(Marketwired - March 16, 2015) - STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE: STT) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") by issuing 9,985,002 common shares at a price of US$0.20 (approximately C$0.25) per common share for aggregate gross proceeds of US$1,997,000.40 (approximately C$2,556,160).

All the funds raised were from qualified US investors who are interested in supporting STT Enviro Corp.'s growth strategy. The proceeds of the Offering will be used for general corporate purposes, and to strengthen the Company's balance sheet in order to position the Company to take advantage of future growth opportunities, including acquisitions.

Completion of the private placement is subject to the final approval of the TSX Venture Exchange and all securities issued pursuant to the private placement are subject to a hold period under applicable Canadian securities laws and the rules of the TSX Venture Exchange expiring on July 14, 2015, in addition to such other restrictions as may apply under applicable securities laws outside Canada. 

About STT Enviro Corp.
STT Enviro Corp. (TSX VENTURE: STT) supplies cost effective, incremental, environmental improvements to traditional industrial products. The Company's two operating groups, STT Enviro Corp. Systems & Solutions and STT Enviro Corp. Tanks & Industrial, work to reduce their customers' environmental footprint, cost efficiently.

STT Systems & Solutions engineers and supplies chemical makedown systems to neutralize pollutants (usually acid water) created in the ore or oil recovery process; and aftermarket services including optimization of chemical use for our customers to lower costs and reduce their carbon footprint.    

STT Tanks & Industrial engineers and supplies bolted tanks with a smaller environmental footprint for both dry and liquid storage applications.    

Environmental considerations are prerequisites in modern industrial expansion and STT Enviro Corp. is focused on being a leader and innovator on incremental environmental improvements. The Company's strategy is to grow organically and, longer term, to acquire companies at prices which are strategically and financially accretive.  

For more information, please visit our website at www.sttenvirocorp.com

Caution Regarding Forward-Looking Information and Non-IFRS Measures

Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of the Company. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of the Company considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of STT nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.

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 of this release.

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