Press Releases

All Posts Term: 2013
23 post(s) found
2013

SEB closes Inforica investment

December 2, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSXV:SEB), is pleased to announce it has acquired 50% of Inforica Inc. through a share subscription made by SEB’s wholly owned subsidiary, Logitek Technology Ltd.

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2013

SEB announces proposed unit offering of up to $500,000

November 7, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), is pleased to announce it intends to complete an equity private placement of up to $500,000 by issuing up to 1,250,000 of units (the “Units”) at a purchase price of $0.40 per Unit, with each Unit consisting of 1 common share of SEB and 1 common share purchase warrant of SEB (the “Share Purchase Warrant”). Each Share Purchase Warrant shall be exercisable for 1 common share of SEB at any time for a three (3) year term from the date of closing at an exercise price of $0.50 in year one, $0.55 in year two, and $0.65 in year three.

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2013

SEB reaches agreement to acquire Stroma Services Consulting Ltd.

October 22, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB” or “Company”) (TSX VENTURE:SEB) is a technology company providing “business processes software solutions and services” to corporate and government clients with specialty practices focused on “managing group benefit solutions and health claims processing environments.” SEB has agreed via a Memorandum of Agreement (“MOA”) to acquire Stroma Service Consulting Inc. (“Stroma”). The acquisition will be completed through SEB’s wholly owned subsidiary, SOMOS Consulting Group Ltd. (“SOMOS”) in Ottawa. The transaction remains subject to final Board approval, regulatory approval and completion of final due diligence processes.

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2013

SEB agrees to acquire Antian Professional Services of Ottawa

October 7, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB” or “Company”) (TSX VENTURE:SEB) is a technology company providing “business processes software solutions and services” to corporate and government clients with specialty practices focused on “managing group benefit solutions and health claims processing environments.” SEB has agreed via a Letter of Intent (“LOI”) to acquire Antian Professional Services Inc. (“Antian”). Board approval has been received and due diligence has been completed. Closing documentation is in process with closing imminent. The transaction terms are as follows:

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2013

SEB closes unit offering of $975,000

September 6, 2013 – Toronto, ON

Smart Employee Benefits Inc. (“SEB”) (TSX VENTURE:SEB), is pleased to announce it has completed a private placement offering of $975,000 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 (each, a “Warrant”).

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2013

SEB announces proposed unit offering of up to $975,000

August 27, 201328, 2020 – 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 $975,000 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 (each, a “Warrant”).

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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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