January 23, 2012 – 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 $1,001,000 of units; at a purchase price of $0.35 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 four year term from the date of closing at an exercise price of $0.50 in year one, $0.55 in year two, $0.65 in year three, and $0.75 in year four.
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