Press Releases

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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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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SEB announces private placement of convertible debentures

September 16, 2015 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSX VENTURE:SEB), is pleased to announce that it has engaged Raymond James Ltd. to lead a syndicate of agents to be named to complete a private placement of convertible debentures of the Company on a “best efforts” basis. The net proceeds of the offering will be used to fund the Company’s proposed acquisition of Maplesoft Group Inc. (“Maplesoft”), as described in a press release dated June 11, 2015, and for general corporate purposes. Terms and pricing of the convertible debentures will be determined in the context of the market and further information in respect of the offering will be disclosed in a subsequent press release.

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