Vancouver, BC / ACCESSWIRE / December 8, 2014 / The Company reports that it has issued 1,500,000 Common Shares at $0.10 per share for gross proceeds of $150,000. A finder's fee of $7,500 was paid in connection with the placement. The shares were contemporaneously issued in exchange for subscription receipts, which were exchangeable for no further consideration to Common Shares upon the Company obtaining conditional listing approval by the CSE for its common shares, which, was received prior to closing the Subscription receipt financing. The shares are subject to a restriction from trading until April 9, 2015. The Company has received conditional listing approval of the CSE for its common shares. Net proceeds of the financing are to be utilized to supplement general working capital and to implement the Company's business plan towards the development and marketing of its sulphur polymer technology in Western Canada.
For further information, please contact:
----------------------- |Jamie Lewin, CPA, | | |CEO | | |Phone: 604-739-3052| | -----------------------
No regulatory body has reviewed, and nor does any regulatory body accept responsibility for the adequacy or accuracy of the contents of this news release.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
SOURCE: SPT Sulphur Polymer Technologies