LÉVIS, QC, June 28,
2013 /CNW Telbec/ - DEQ Systems Corp. ("DEQ" or the
"Company") (TSXV: DEQ), a leading provider of cutting-edge
technology solutions for table games, announced today that it
completed a non-brokered private placement of $1,000,000 with the
Caisse de dépôt et placement du Québec ("Caisse") by
issuing 2,500,000 common shares at a price of $0.40 per share (the "Private
Placement").
"DEQ, a promising Québec company, based in
Lévis, with a presence in 30 countries, offers a differentiated
product line and relies on a solid business model," said
Martin Garand, Director, Investments
and portfolio manager dedicated to the small-cap mandate at the
Caisse. "This investment, which increases our interest in the
company, attests to our confidence in DEQ's ability to carry out
its expansion plan globally."
"We are very pleased to have the Caisse join our
list of major strategic shareholders," said Earle G Hall.
"The recognition by the Caisse of DEQ's potential is of
tremendous strategic value for DEQ and will serve to increase DEQ's
institutional shareholder base as the Company positions itself
globally."
The Company intends to use the net proceeds of
the Private Placement to accelerate product deployment as well as
to increase its financial strength during its critical growth
phase.
This Private Placement was carried out in
accordance with prospectus exemptions of applicable securities laws
and is subject to final acceptance by the TSX Venture Exchange.
Securities issued in connection with the Private Placement are
subject to a four-month and one-day hold period ending October 29, 2013.
ABOUT DEQ
DEQ Systems Corp. (TSXV: DEQ) is a
customer-centric company that delivers to the global gaming
industry best-of-breed table-game technology-related products that
add value and increase client revenue. DEQ provides
table-game-bonusing technology, table games, baccarat results
tracking, and jackpot connectivity solutions to more than 275
casinos in 30 countries. DEQ is an intellectual-property-focused
company that has an extensive patent portfolio of more than 20
patents recognized in 50 countries. For further information,
please visit www.deq.com.
TSX Venture does not accept any responsibility
regarding the accuracy of the information contained in this press
release.
Forward-looking statements contained in this
Press Release involve known and unknown risks, uncertainties and
other factors that may cause actual results, performance and
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the said forward-looking statements.
SOURCE DEQ SYSTEMS CORP.