SET Bluemetric Environmental, Inc.

OTTAWA, Sept. 15, 2011 /CNW/ -- OTTAWA, Sept. 15, 2011 /CNW/ - Seprotech Systems Incorporated (TSX-V: SET; "Seprotech" or the "Company") announces a non-brokered private placement offering (the "Offering") of common shares at $0.05 per share to accredited investors to raise gross proceeds of a minimum of $400,000 and up to $600,000. It is anticipated that companies controlled by an Insider of the Company, Seprotech's CEO & Chairman Jordan Grant, will participate in the Offering for up to a maximum of 25% of the Offering. Mr. Grant's companies will participate in the Offering on the same terms and conditions as the other subscribers. The common shares issued pursuant to the Offering will be subject to a four month hold period from the closing date of the Offering. The private placement is subject to the acceptance of the TSX Venture Exchange. Proceeds from the private placement will be utilized as working capital to execute the various contracts announced since June 2011, as well as funding overhead pending commencement of cash flow from such contracts, and for repayment of normal course trade and bank debt. About Seprotech: Seprotech is a provider of pre-engineered water and wastewater treatment solutions to the development, resource and military sectors, 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 the private placement financing activities of the Company, the use of proceeds of the private placement financing, 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/15/c3411.html p align="left" Mr. Ian W. Malone, CFO Tel: (613) 523-1641 Fax: (613) 731-08515 /p

Copyright