Seprotech Announces Bridge Loan Facility
28 Novembre 2011 - 6:54AM
PR Newswire (Canada)
OTTAWA, Nov. 29, 2011 /CNW/ - Seprotech Systems Incorporated
("Seprotech" or the "Company") announces a bridge loan facility of
up to $200,000 (the "Loan") available until February 27, 2012. The
loan is unsecured, and carries an interest rate of 7% per annum,
payable monthly in arrears. An Insider of the Company, Seprotech's
Chairman Jordan Grant, will participate for up to a maximum of 50%
of the Loan. Mr. Grant will participate in the Loan on the same
terms and conditions as other participants. Proceeds from the Loan
will be utilized as working capital to accelerate completion of
various contracts now in varying stages of assembly by the Company.
About Seprotech: Seprotech is a provider of pre-engineered water
and wastewater treatment solutions to the development, resource and
military sectors, including Reverse Osmosis water purification
systems, ROTORDISK® biological sewage treatment package plants and
CrystalBlue™ membrane-based water recycling systems. Neither 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. The
TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements in this press
release, including those relating to the Company's strategies and
other statements the private placement financing activities of the
Company, the use of proceeds of the private placement financing,
that are predictive in nature, that depend upon or refer to
future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions, are forward-looking statements
within the meaning of securities laws. Forward-looking statements
include, without limitation, the information concerning possible or
assumed future results of operations of the Company. These
statements are not historical facts but instead represent only the
Company's expectations, estimates and projections regarding future
events. The Company does not undertake any obligation to update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law. Seprotech Systems Incorporated CONTACT: Mr. Ian W.
Malone, CFOTel: (613) 523-1641Fax: (613) 731-0851
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