Smart Cool Announces Private Placement
The proceeds of this private placement will be used for general working capital, inventory, and to pay the balance of the purchase price to Abbotly Technologies Inc. to acquire the exclusive rights to distribute the Energy Savings Module (ESM) in Canada, the United States, Mexico, and the Caribbean.
Smart Cool hopes to be in a position to close this private placement on or before May 1, 2006, subject to acceptance for filing by the TSX Venture Exchange. It believes that a short period to close would be advantageous.
Publication date: 04/24/2006