Simsmart Inc.: Announcement.BROSSARD, Quebec This article is about the city of Brossard. For other references to this proper noun, see Brossard (disambiguation). Brossard is a city in southwestern Quebec, Canada, on the southern shore of the Saint Lawrence River across from the island and city of -- NOT FOR DISSEMINATION dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there OR DISTRIBUTION IN THE UNITED STATES OF AMERICA UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, Simsmart Inc. ANNOUNCES the approval by it's shareholders of the following items: 1. The amendment of the Company Stock Option Plan 2. The closure of the private placement of convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. following approval from shareholders 3. Extension of the directors Loan and expiry dates expiry date expire n → date f d'expiration; (on label) → à utiliser avant ... expiry date expire n → Ablauftermin m of related warrants SIMSMART Inc. ("SIMSMART") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SII SII Servicio de Impuestos Internos (Chile) SII Seiko Instruments, Inc. SII Strong Interest Inventory SII Standards Institution of Israel SII Securities and Investment Institute (UK) ) is proud to announce that following its annual meeting held on December 22nd 2005, that its shareholders voted in favour of the following items;
1. The amendment of its Stock Option Plan to increase the maximum
number of Shares reserved for issuance, from a rolling 10% of
issued and outstanding shares to a fixed number of shares which
is 987,249.
2. The private placement of convertible debenture was closed
following approval from shareholders on December 22nd 2005 in
the following conditions:
Private placement of convertible debenture for an amount of
$300,000 with the company Bergeron, Senecal Inc. The maturity
date of the debenture is September 29, 2007 and the principal
is convertible into 1,000,000 common shares at a price of 0.30
cents per share. Also attached to the debenture are 1,000,000
share purchase warrants. Each share purchase warrant may be
exercised until September 29, 2007 at an exercise price of 0.30
cents.
3. A one year extension of the expiry date of warrants issued as a
compensation for $210,000 loans made by Directors in December
2003 (the "Directors' Loans"). The 279,999 warrants at $0.105
scheduled to expire on December 10, 2005 will expire on
December 10, 2006 and the 533,331 warrants at $0.14 scheduled
to expire on December 22, 2005 will expire on December 22,
2006"
Each item of this announcement is subject to final acceptance
by the TSX Venture Exchange.
About Simsmart: Simsmart Inc. has developed a line of advanced computer simulation and modeling applications. The corporation's proprietary Simsmart(TM) software allows designers, engineers and plant managers to simulate the inner workings of highly complex systems and processes, in order to validate and optimize their designs, productivity and cost control. Simsmart Inc. also offers a full line of engineering services in parallel with its Simsmart (TM) product and activities. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy of accuracy of this release. Simsmart Inc. (TSX VENTURE:SII) |
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