Intercept Closes Private Placement


Follow this company

Companies Mentioned

TSX.V:IES / OTC:BB:IESCF
12/13/2013 [ACCESSWIRE]

December 13, 2013 - Intercept Energy Services Inc. (formerly Global Green Matrix Corp.) (the "Company") - TSX Venture: IES announces that it has closed its non- brokered private placement as previously announced in October. The offering consisted of common shares in the Company offered at a price of $0.075 per share. The second tranche is for $58,000. In total the Company has received gross proceeds of $656,750 for the purchase of 8,756,666 shares in two separate tranches.

The shares will be subject to a four month hold period from the date of closing.

The closing of the second tranche of this private placement is subject to approval by the TSX Venture Exchange.

The Company intends to use the proceeds from the placement to fund the Company's expenditure on purchasing new frack water heating units used in the work performed by its subsidiary Intercept Rentals, the balance to be used for general working capital.

INTERCEPT ENERGY SERVICES INC. (http://interceptenergy.ca)

Intercept Energy Services Inc. is an Oilfield Services Firm primarily focused on servicing oil and gas companies and their fracking operations. Through its wholly owned subsidiary, Intercept Rentals. Intercept operates a fleet of proprietary, highly efficient and economical frack water heating units. Intercept offers frack water heating services to various oil and gas companies that require heated water for their fracking operations.

INVESTOR RELATIONS AND COMMUNICATIONS

RANDY HAYWARD, PRESIDENT or BUCHALTER CONSULTING

Phone: 250-247-8689 or 604-687-8855 Toll free 1 866 631 6537 Fax: 604-608-5442 stan.buchalter@buchalterconsulting.ca

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 Or Accuracy Of This News Release.

COMMENTS

Leave a comment...
 * 

Your Name
 *