Capital Alliance Ventures Makes Investment in Seprotech Systems Inc.OTTAWA--(BUSINESS WIRE)--Feb. 10, 1997--(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). SET. ) Seprotech Systems Incorporated announced today that Capital Alliance Ventures Inc. has made a $1 million equity investment in Seprotech Systems Incorporated. Seprotech is in the business of designing, manufacturing and supporting water, wastewater, and fluid processing systems using a variety of technologies. The Company is most notably a leader in the use of crossflow Cross´flow` v. i. 1. To flow across, or in a contrary direction. membrane technology in industrial settings. Seprotech's expertise lies in designing, engineering and installing site-specific water and wastewater treatment systems that use reverse osmosis reverse osmosis n. The movement of a solvent in the opposite direction from osmosis in such a manner that the solvent moves from a solution of greater concentration through a membrane to a solution of lesser concentration. , nonfiltration, ultrafiltration ultrafiltration /ul·tra·fil·tra·tion/ (ul?trah-fil-tra´shun) filtration through a filter capable of removing very minute (ultramicroscopic) particles. ul·tra·fil·tra·tion n. , and microfiltration, including any pre or post treatment technologies needed to meet specific needs or solve specific quality problems. Capital Alliance's investment in Special Warrants was part of a private placement amounting to $2.4 million. Each special warrant, issued at $1.30, entitles each holder thereof to acquire one common share of the company and one common share purchase warrant. Each common share purchase warrant will entitle the holder to acquire one common share for a period of twenty-four months at a price of $1.75 per share. Capital Alliance Ventures Inc. is an Ottawa-based labour sponsored venture capital company specializing in technology- intensive businesses. It offers Ontario residents an opportunity to participate in a pool of rapidly growing businesses at an early stage. Investors in the fund receive significant tax incentives to compensate for the additional risks inherent in such investments. Seprotech is listed on the Alberta Stock Exchange - ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors is SET. This news release has been authorized by William Touzel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . CONTACT: Seprotech Systems Incorporated William Touzel, 613/ 523-1641 613/ 731-0851 (FAX) |
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