1. Convertible Notes -
$400,000convertible @ $0.45per SEB share -- Converted by an executive officer 2. Warrants Exercised by SEB's Chairman, President/CEO, Executive Officers & Employees -- @ $0.30- 1,890,000 warrants for proceeds of $567,000-- @ $0.45- 325,000 warrants for proceeds of $146,250-- @ $0.50- 1,121,000 warrants for proceeds of $560,500Proceeds from these warrants totaled $1,273,7503. Warrants Exercised by SEB's Underwriter -- @ $0.30- 450,000 warrants for proceeds of $135,000-- @ $0.45- 21,222 warrants for proceeds of $9,550. Proceeds from these warrants totaled $144,550. 4. Warrants Exercised by Arms-Length Investors-- @ $0.30- 1,085,000 warrants for proceeds of $325,500.
The cash proceeds from the exercise of warrants totaled
ABOUT SEB: SEB is a technology company providing software, solutions and services specializing in managing group benefit solutions and healthcare claims processing environments for corporate and government clients. This is a
This news release is intended for information purposes only. Statements made in this news release may contain "forward looking" information about the company's future business prospects. These statements while expressed in good faith and believed to have a reasonable basis - are subject to risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Investors should consult a professional advisor before making any investment decision.
For further information about SEB, please visit www.seb-inc.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Smart Employee Benefits Inc. John McKimmPresident/Chief Executive Officer (416) 460-2817 email@example.com Smart Employee Benefits Inc. Shelly FrankVice-President, Marketing (888) 939-8885 x 358 firstname.lastname@example.org First Canadian Capital Corp. Daniel Boase416-742-5600 x 232 or 1-866-580-8891 email@example.com or firstname.lastname@example.org First Canadian Capital Corp. Eric Balog416-742-5600 or 1-866-580-8891 email@example.com Source: Smart Employee Benefits Inc.