Press Releases

All Posts Term: 2016
11 post(s) found
2016

SEB announces extension to private placement offering

December 5, 2016 - Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) announces that further to its press releases dated October 20, 2016 and November 3, 2016 regarding a $5 million unit offering (the “Offering”), the TSX Venture Exchange has granted the Company an extension to complete the Offering.

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2016

SEB announces $5 million unit offering

October 20, 2016 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) is no longer proceeding with the two $1.25 million convertible note offerings previously announced pursuant to its press release of September 21, 2016.

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2016

SEB unwinds investment in banyan

July 26, 2016 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) has concluded the unwinding (the “Unwinding”) of a transaction whereby SEB had acquired 50% of the shares of Banyan Work Health Solutions Inc. and BITS Licensing Inc. (together “Banyan”) (the “Original Transaction”) which had been announced in a news release November 14, 2014. The 50% shareholding was returned to the original Banyan shareholder. Banyan represents approximately 8% of SEB revenues.

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2016

SEB announces closing of amended credit facilities

July 11, 2016 – Mississauga, ON

July 11, 2016 – Mississauga, Ontario – Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE: SEB) is pleased to announce the closing of amended credit facilities totaling approximately $18,100,000. One credit facility is with a major international asset based lender in the amount of up to $12,500,000 (the “First Credit Facility”).  The First Credit Facility involves various SEB subsidiaries collectively as borrowers.  The amount available under the First Credit Facility is a revolving loan based on a formula calculated on the billed and un-billed accounts receivable of the borrowers.

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2016

SEB amends previously closed $2,000,000 convertible note offering

February 18, 2016 – Mississauga, ON

SEB AMENDS PREVIOUSLY CLOSED $2,000,000 CONVERTIBLE NOTE OFFERING

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) previously announced in a press release on February 12, 2014 that it had closed a $2,000,000 convertible note offering.  The $2,000,000 of convertible notes (the “Notes”) of the Company were issued at a price of $1.00 per $1.00 principal of the Notes.

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