Parta Dialogue Inc. announces $2.5 million private placement
February 27 2012 - 8:00AM
PR Newswire (Canada)
TSXV: PAD MONTREAL and PARIS, Feb. 27, 2012 /CNW Telbec/ - PARTA
Dialogue Inc. ("PARTA" or the "Company"), experts in Social Media
and Social Learning for businesses, is pleased to announce it has
entered into an agreement with Byron Capital Markets Ltd. and
Industrial Alliance Securities Inc. (together, the "Agents") to
sell up to 10,000,000 common shares at a price of $0.25 per common
share on a commercially reasonable efforts private placement basis
for gross proceeds of up to $2,500,000 (the "Base Offering"). In
addition, the Company has granted the Agents an overallotment
option to sell up to an additional 2,000,000 common shares (the
"Over-Allotment Option" and together with the Base Offering, the
"Offering"). Proceeds from the Offering will be used to accelerate
the commercialization of its e-Value™ application, fund potential
acquisitions and for general working capital purposes. The common
shares of the Company being issued pursuant to the Offering will be
issued in reliance upon exemptions from the prospectus and
registration requirements of applicable Canadian securities
legislation and will be subject to a four-month plus a day hold
period from the date of issuance. Completion of the contemplated
Offering is subject to regulatory approval including that of the
TSX Venture Exchange. Closing of the Offering is anticipated the
week of March 5, 2012 and is subject to receipt of regulatory
approvals, including approval of the TSX Venture Exchange. This
news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available. About PARTA PARTA offers Social Media and Social
Learning solutions to its clients from offices in Montreal, Paris
and Mexico. Many visionary businesses already employ PARTA's
solutions for internal and external online engagement. Among these
are Renault, Orange, Michelin, Hydro-Québec, Iusacell (Mexico), the
Canadian Association of Petroleum Producers, Nestlé Waters, Crédit
Agricole, and Fondaction. PARTA is listed on the TSX Venture
Exchange under the symbol PAD. PARTA has a subsidiary that
specializes in Social E-Learning, Edu-Performance Canada Inc
(www.eduperformance.com). For more information, please visit
www.partadialogue.com. "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." PARTA DIALOGUE INC.
CONTACT: Tom Liacas, VP Social MediaParta Dialogue Inc.+1 (514)
771-5120tom.liacas@partadialogue.com Paul Allard, President &
CEOParta Dialogue Inc.+1 (514)
831-4245paul.allard@partadialogue.com
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