Mr. Ted Konyi reports
SMARTCOOL PROVIDES UPDATE TO PRIVATE PLACEMENT OFFERING
Smartcool Systems Inc. has provided this update to the non-brokered private placement financing of up to 16 million units at a price of five cents per unit for total aggregate proceeds of up to $800,000, announced by news release of May 30, 2018. To date, and as announced in its press release of June 15, 2018, the company has sold 9.6 million units for gross proceeds of $480,000. The company expects to complete the private placement and sell the balance of the units on or before Aug. 12, 2018.
About Smartcool Systems Inc.
Smartcool Systems provides cutting-edge, energy-efficient and energy cost-reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40 per cent.
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