BOUCHERVILLE, QC, Jan. 29, 2013 /CNW Telbec/ - Noveko International Inc.
(TSX: EKO) (the "Corporation") is pleased to announce a first closing
in connection with its private distribution of units announced on
January 11, 2013. A total of 1,566,667 units were issued for an
aggregate subscription amount of $188,000, of which 416,667 units
($50,000) were issued to an officer of the Corporation. Each unit
comprised one (1) Class A Share and one-half warrant; each full warrant
will entitle its holder to purchase one (1) Class A Share at a price of
$0.20 per share, until January 28, 2015. The securities issued
pursuant to this offering are subjected to a 4-month hold period.
Additional closings are expected to occur in the next few days until
the maximum subscription amount of $500,000 has been raised.
Profile of the Corporation
The Corporation specializes in the air filtration segment by providing
its clientele with innovative and eco-energetic filtration solutions.
As such, through its subsidiaries, the Corporation designs, develops,
manufactures and markets air filters incorporating its patented air
filtration technologies, which filters are cleanable and recyclable,
and have a much longer life span than conventional air filters. These
filters are used in farm buildings, in institutional, commercial,
industrial and residential buildings, and in the ground and aeronautics
Through distributors, the Corporation furthermore continues to
commercialize antimicrobial masks and respirators, hands sanitizers and
ultrasound scanners for use in human and veterinary medicine.
Certain statements set forth in this press release constitute
forward-looking statements. In some cases, these statements are
identified by the use of terms such as "may", "could", "might",
"intend", "should", "expect", "project", "plan", "believe", "estimate"
or other comparable variants. These statements are based on the
information available at the time they are written, on assumptions made
by management and on the expectations of management, acting in good
faith, regarding future events, including those relating to economic
conditions, fluctuations in exchange rates and operating expenses, and
the absence of unusual events entailing supplementary expenditures.
Although management considers these assumptions and expectations
reasonable based on the information available at the time they are
written, they could prove inaccurate. Forward-looking statements are
also subject, by their very nature, to known and unknown risks and
uncertainties such as those related to the industry, acquisitions,
labor relations, credit, key officers, supply and product liability.
The actual results of Noveko International Inc. could differ materially
from those indicated or underlying these forward-looking statements.
The reader is therefore recommended not to unduly rely on these
forward-looking statements. Forward-looking statements do not reflect
the potential impact of special items, any business combination or any
other transaction that may be announced or occur subsequent to the date
hereof. Unless otherwise required under securities laws, the
Corporation does not intend and undertakes no obligation to update or
revise the forward-looking statements.
SOURCE: NOVEKO INTERNATIONAL INC.