SAINT-ÉPHREM-DE-BEAUCE, QC, Oct. 28, 2013 /CNW Telbec/ - Sigma Industries
Inc. ("Sigma" or the "Company") (TSXV: SSG) announces that it
intends to proceed with a private placement, subject to final
approval by the TSX Venture Exchange.
The private placement will consist of an
eight-year loan for a principal amount of $1,075,000. The loan will bear interest at an
annual rate of 10%, payable quarterly, and will be convertible at
any time over the term of the loans, in whole or in part, into
common shares of Sigma. The conversion price will be $0.05 per share in the first year for a maximum
of $500,000. The balance will be
convertible at $0.10 per share for
the term of the loan.
ABOUT SIGMA INDUSTRIES
Sigma Industries Inc. (TSX-V: SSG), a manufacturing company
specializing in the production of composite components, has four
operating subsidiaries and employs 400 people. The Company is
active in the heavy-duty truck, coach, transit, machinery and wind
energy markets. Sigma sells its products to original equipment
manufacturers and distributors in the
United States, Canada and
Europe.
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.
SOURCE SIGMA INDUSTRIES INC.