Smartcool Systems Inc (TSXV: SSC) is pleased to announce the completion of 2.2 million Units of its recent non-brokered private placement of 3.875 million Units at a price of $0.08 per unit for gross proceeds of $176,000. Each Unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share at a price of $0.10 for a period of two years after the closing date. All shares issued pursuant to the private placement will be subject to a resale restriction of 4 months from the date of share issue. The remainder of the private placement will close pending the review of certain personal information forms and other documentation that have been requested for filing by the Exchange in respect of these placees.

 

The Company is also pleased to announce the appointment of Mr. George Burnes as President of the Company, following the resignation of Shaun Maskerine. Mr. Burnes joined the Company's Board of Directors on September 16, 2004. Mr. Maskerine will continue to be involved in the growth of the Company as Vice President, Operations.

About Smartcool

Smartcool Systems Inc. (TSX-V: SSC) delivers cutting edge energy efficiency and cost reduction solutions for businesses around the world. The ESM™ and ECO3™ are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems. Energy savings achieved by the ESM™ and ECO3™are quantifiable and the products can qualify for government and utility rebates. The technology has been validatedby rigorous third party testing, government organizations and private business installations.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

Investor Inquiries

Mike Kordysz
Tel: +1 604 904 8632
mike.kordysz@smartcool.net
Press Release RSS

Press Release RSS

Latest Press Releases

Anesco Ltd., A Cleantech 100 Co. and Smartcool Progress Their Sustainable Technology and Energy Par…

The UK’s leading energy efficiency solutions provider and Sunday Times Fast Track 100 company, Anesco Ltd, have strengthened their No1 position in the UK by partnering with Smartcool to deliver further energy saving solutions.

Smartcool Distributor Installs at McDonald’s Chain in Riyadh

Achieves 20% Savings on Air-conditioning costs at The Luxury Tiara Hotel RiyadhVancouver, B.C. September 12, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to report that Kafaat Energy Company, its distributor in Saudi Arabia has been appointed by Riyadh International Catering C...

Smartcool 2nd Quarter Revenues Grow 300% over 1st Quarter

Vancouver, B.C. August 29, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to report that it has filed its Second Quarter Management Discussion and Analysis ("MD&A") and unaudited financial statements for the six-month period ended June 30, 2017, on SEDAR.

Smartcool Systems Inc. Announces Jamaican Partnership and Multiple Jamaican Installations

Vancouver, B.C. August 21, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to announce today a joint venture partnership with Alternative Power Sources Limited (“APS”) in Jamaica.

Smartcool Systems Inc. Announces First Funded Sale

Aug 14, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF)is pleased to announce today the first sale of a funded Smartcool installation. The sale was made to Loscoe Chilled Foods Ltd. and is expected to be installed over the next few weeks. Loscoe is in the food processing and distribution busine...

Smartcool Announces Private Placement Offering

Vancouver, BC. Aug 10, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) (the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 8,000,000 units (the "Units") at a price of $0.05 per Unit, for maximum gross proceeds of $400,000.

Smartcool Announces Debt Settlement

Vancouver, BC. Aug 10, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC)(the "Company") is pleased to announce that it has entered into a shares for debt agreement with a creditor of the Company, wherein the Company proposes to issue an aggregate of 7,891,774 non-voting, non-transferable pr...

Smartcool Systems Inc. Announces Sales Funding Program And Debenture Financing

Vancouver, BC. Aug 3, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSXV: SSC) is pleased to announce today the initiation of a funded sales program. The program has been designed to provide funding for clients that want to install Smartcool’s proprietary energy efficiency products but lack th...

Smartcool’s Partnership With LCS Energy Solutions Achieves 30% Energy Savings At Mercedes-Benz Ipsw…

Jardine Motors Group is a multi-national operator of franchised motorcar dealerships in the UK with international outlets in Hong Kong, Macau and China.Vancouver, BC. July 18, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSX.V: SSC, OTCBB: SSCFF), is pleased to announce that the company’s...

Smartcool Systems Inc. and Panoramic Power Enter Value Added Reseller Agreement

Vancouver, BC. June 20, 2017, Ted Konyi, CEO, Smartcool Systems Inc. (TSX.V: SSC, OTCBB: SSCFF), is pleased to announce that the company has entered into a VAR (Value Added Reseller) agreement with Panoramic Power Ltd.

Follow Us

Twitter   RSS Feed   YouTube   Linkedin   Facebook

Translate

English French German Italian Portuguese Russian Spanish