Press Releases

All Posts Term: 2015
16 post(s) found
2015

SEB closes first tranche of $4.0 million equity private placement

October 30, 2015 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX- V:SEB) is pleased to announce the completion of the first tranche (“First Tranche”) of a private placement equity financing for gross proceeds of $2,400,000 out of maximum aggregate proceeds of $4,000,000. The First Tranche financing consists of 6,000,000 units (the “Units”) at a price of $0.40 per Unit. Each Unit consists of (i) one common share of SEB and (ii) one common share purchase warrant of SEB (the “Warrants”). Each Warrant has a term of 24 months from the date of issuance and vests on December 31, 2016 at an exercise price of $0.75 per share.

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2015

SEB terminates convertible debt financing due to market conditions

October 1, 2015 – Mississauga, ON

Alternate Financing Options in Process

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE:SEB) advises that, further to its news release dated September 16, 2015, it has terminated the proposed private placement of convertible debentures of the Company. Pursuant to discussions with its underwriters, SEB concluded that the current capital markets environment is not conducive to source its financing needs without encountering significant dilution.

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2015

SEB launches seb analytics to add predictive modeling and analytics capabilities to its suite of offerings

September 8, 2015 – Mississauga, ON

Banyan Work Health Solutions Inc. (“Banyan”), a member of the Smart Employee Benefits Inc. Group of Companies (“SEB”) (TSX VENTURE:SEB), has incorporated SEB Analytics Inc. with Polon Analytics Inc. Through SEB Analytics Inc., SEB will add predictive modeling and advanced analytics capabilities to its suite of offerings to provide customers with solutions that enable data-driven decisions that optimize pricing and underwriting, disability management and healthcare fraud detection.

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2015

SEB reports second quarter 2015

July 30, 2015 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or “Company”) (TSX VENTURE:SEB) is pleased to report its second consecutive positive quarter since being founded in January, 2011. The results support SEB’s strategic direction of penetrating the $60 billion “Health Benefits” business in Canada.

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