Smartcool Systems Inc. (TSXV: SSC), reports that it will proceed with a non-brokered private placement of up to 1,500,000 Common Shares at $0.75 per share for gross proceeds of up to $1,125,000. A 6% commission will be paid on this private placement to qualifying Agents. In addition, the Company will issue Agent's warrants representing 10% of the offering.

 

The proceeds from this financing will be used for working capital including but not limited to sales and marketing efforts and purchase of inventory of its Energy Savings Module™.

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
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