MONTREAL, CANADA--(Marketwire - Sept. 10, 2012) - SENSIO Technologies Inc. ("SENSIO")(TSX VENTURE:SIO), is pleased to announce that NCP Northland Capital Partners Inc. (the "Lead Agent") has exercised its Over Allotment Option of up to 15% of the previously announced $3,000,000 private placement financing (the "Offering").
Closing of the Offering is anticipated to occur on or about September 25, 2012 and is subject to receipt of final legal documentation, applicable regulatory approvals including approval of the TSX Venture Exchange and an advance ruling from the Ministère du Revenu du Québec for the purposes of the Québec Stock Savings Plan II ("QSSP II"). Securities issued will be subject to a four-month hold period, which will expire four months from the date of closing.
All other terms of the Offering as disclosed in the Company's earlier press release remain unchanged.
SENSIO Technologies Inc. (www.sensio.tv) has been leading the floor in bringing 3D video to the consumer since 1999. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the media and entertainment industries to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access - with effortless interaction and complete peace of mind - 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO's common shares are listed on the TSX Venture Exchange.
SENSIO® is a registered trademark of SENSIO Technologies Inc.
This news release contains forward-looking information. These statements relate to future events and reflect management's current expectations and assumptions. Such forward-looking statements are based on information currently available to management of SENSIO. These forward-looking statements are made as of the date hereof and SENSIO does not assume any obligation to update or revise them to reflect new events or circumstances.
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.