Science & Technology
Science and TechnologyScience and Technology 
Thu, February 17, 2011
VANCOUVER, Feb. 17 /CNW/ - [ Smartcool Systems Inc. ] (TSX-V: SSC) is pleased to announce it has increased its private placement previously announced on February 14, 2011, such that the Company will now offer up to 13,333,334 units (previously 10,000,000 units) at $0.30 per unit, to raise proceeds of up to $4,000,000 (previously $3,000,000).
All other terms of the private placement remain the same. Each unit is comprised of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant entitling the holder thereof to purchase an additional common share at a price of $0.45 per share for a period of 24 months from the closing date.
This announcement is made on behalf of Smartcool's Board of Directors.
About Smartcool Systems Inc.
Smartcool Systems Inc. (TSX-V: SSC) manufactures and distributes the Energy Saving Module (ESM)™ and the ECO3™, which make refrigeration and air conditioning systems more efficient, resulting in proven cost savings, reduced energy consumption, and a smaller carbon footprint. More than 26,000 units have been installed worldwide for customers such as supermarkets, food distributors, telecom, hospitals, and hotels. [ www.smartcool.net ]
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.