Press Releases

All Posts Author: Communications
2013

John Mckimm files early warning report

August 16, 2013 – Toronto, ON

John McKimm announces that he has acquired ownership and control over 833,333 common shares of Smart Employee Benefits Inc. (TSX VENTURE:SEB) (“SEB”), representing approximately 1.4% of SEB’s currently issued and outstanding shares. The shares were acquired for a nominal price per share pursuant to a private transaction.

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2013

SEB closes convertible notes offering of $1,025,000

May 14, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB) is pleased to announce it has completed a private placement offering of $1,025,000 of units (the “Units”); with each Unit consisting of (i) a $1.00 principal amount convertible secured subordinated promissory note of SEB (the “Notes”) and (ii) one common share purchase warrant of SEB (the “Warrants”).

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2013

SEB closes new operating credit facility with Canadian Chartered Bank

May 13, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), announced today that its subsidiaries, SOMOS Consulting Group Ltd. (“SOMOS”) and Logitek Technology Ltd. (“Logitek”) entered into credit facility arrangements with a leading Canadian Chartered Bank, including a revolving credit facility of $1,000,000, plus additional ancillary related facilities (the “Facility”) of approximately $200,000. The Facility was provided to SOMOS and Logitek and was guaranteed by SEB and SOMOS Information Technology Services Ltd. (“SOMOS IT”).

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2013

SEB announces proposed unit offering of up to $1,025,000

May 10, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), is pleased to announce it intends to complete a private placement offering of up to $1,025,000 of units (the “Units”); with each Unit consisting of (i) a $1.00 principal amount convertible secured subordinated promissory note of SEB (the “Notes”) and (ii) one common share purchase warrant of SEB (the “Warrants”).

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2013

SEB appoints Ron Barbaro as Chairman

May 8, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), is a technology company providing software, solutions and services with specialty practices including managing group benefit solutions and healthcare claims processing environments for corporate, government and non-profit clients.

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2013

SEB board of directors approves investment in Inforica Group

March 19, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), is a technology company providing software, solutions and services with specialty practices including managing group benefit solutions and healthcare claims processing environments for corporate, government and non-profit clients. SEB’s Board of Directors approved a Memorandum of Agreement to acquire a 50% interest in the Inforica Group. Inforica Group will operate as an affiliate of SEB’s wholly owned subsidiary, QLogitek. Completion of the transaction is subject to final Closing documentation and applicable regulatory approval.

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