Seprotech announces advisory agreement with Jacob Securities Inc.
25 Giugno 2012 - 10:21AM
PR Newswire (Canada)
OTTAWA, June 25, 2012 /CNW/ - Seprotech Systems Incorporated
("Seprotech" or the "Company") advises that it has entered into a
financial advisory agreement with Jacob Securities Inc. (the
"Agreement"). Jacob Securities Inc. ("Jacob") is an independent
full-service investment bank providing underwriting and financial
advisory services to companies in the renewable power,
infrastructure, energy and mining sectors. The firm, which is
headquartered in Toronto, primarily services small and mid-cap
issuers in North America and around the world. The firm has
comprehensive coverage of the complete energy spectrum - from
renewable energy and clean technology to conventional utilities to
oil and gas to energy linked natural resources such as coal,
uranium, lithium and rare earth. Jacob does not currently own
directly any common shares of Seprotech and the relationship
between Jacob and the Company is entirely arms-length. Jacob has
also contracted to sponsor the TSX Venture Exchange listing for the
Company's recently announced merger by way of reverse takeover with
the WESA Group Inc. Under the terms of the agreement, Jacob will
provide Seprotech with advisory services to support the Company's
positioning within the capital markets. The agreement provides for
a monthly retainer of $5,000, increasing to $7,500 monthly at such
time as trading in Seprotech's common shares recommences. The
agreement is for an initial term of 12 months, and may be extended
by mutual agreement. Source of funds for these services is from the
Company's operating revenues. No indirect consideration is
involved. About Seprotech: Seprotech is a provider of
pre-engineered water and wastewater treatment solutions to the
municipal/land development, resource sector and military market
place, including Reverse Osmosis water purification systems,
ROTORDISK® biological sewage treatment package plants and
CrystalBlue™ membrane-based water recycling systems. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The
TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements in this press
release, including those relating to the Company's strategies and
other statements that are predictive in nature, that depend upon or
refer to future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions, are forward-looking statements
within the meaning of securities laws. Forward-looking statements
include, without limitation, the information concerning possible or
assumed future results of operations of the Company. These
statements are not historical facts but instead represent only the
Company's expectations, estimates and projections regarding future
events. The Company does not undertake any obligation to update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law. Seprotech Systems Incorporated CONTACT: Mr. Ian W.
Malone, CFOTel: (613) 523-1641Fax: (613) 731-0851
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