Prosys Announces an Issue of Shares for Debt
26 September 2008 - 11:57PM
Marketwired
Prosys-Tech Corporation ("Prosys") (TSX VENTURE: POZ), announces
today that, pursuant to its press release dated September 8, 2008,
it has issued 4,257,643 Class "A" Shares, said common shares, at a
price of $0.24 per share in order to settle a loan as well as
interest and management fees related to said loan contracted with
the FIER CPVC-Montrï¿1/2al, representing an amount of
$1,021,834.48. The said Class "A" shares are subject to a holding
period of four months following their issue.
About Prosys
Prosys is a distributor of information technology products
having offices in Montreal, Quebec and Ottawa. Prosys maintains its
participation in CDMS Inc and Peak Positioning Inc. Through CDMS,
Prosys also offers a wide range of products, including a 24/7
multilingual technical service desk, network operations and
monitoring, managed services, IT consulting and a host of value add
hardware solutions. The Corporation currently holds 37% of Peak's
issued shares and has an option to increase its participation in
Peak to 50.1%. The investment in Peak is in the scope of the
Corporation's steps to diversify the global offer of services to
its current customers and to improve Prosys' positioning for the
development of the SMB market. For more information regarding CDMS
and Peak, please visit www.cdmsfirst.com and
www.peakpositioning.com.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
Contacts: Prosys Tech Corporation Mr. Georges Hebert President
and Chief Executive Officer 514-255-3454, extension 270
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