SEPROTECH SYSTEMS INCORPORATED
Canadian Timely Disclosure Pack – For Release November 30, 2011
Seprotech Debenture Holders Extend Maturity
Seprotech Systems Incorporated (TSX-V: SET; “Seprotech” or the “Company”) advises that all of its debenture holders have agreed to extend the maturity date of its secured subordinated debenture from December 31, 2011 to March 31, 2012. The debenture in an aggregate principal amount of $705,000 was issued to certain of the Company’s suppliers in September 2011 in exchange for trade debts owing to them. The Company will continue to have the right to further extend the maturity date of the debenture if it completes certain additional financings. This action by the debenture holders will assist the Company in its continuing efforts to restructure its balance sheet.
“This continued support from key suppliers who have participated in the debenture is greatly appreciated”, said Harry J. Marshall, CEO, who added “It will facilitate continuation of recent fund-raising activities which commenced with a $600,000 private placement in September, 2011”.
Seprotech is a provider of pre-engineered water and wastewater treatment solutions to the municipal/land development, resource sector and military market place, including Reverse Osmosis water purification systems, ROTORDISK® biological sewage treatment package plants and CrystalBlue™ membrane-based water recycling systems.
For Further Information, please contact:
Mr. Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-0851
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. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company’s strategies and other statements the private placement financing activities of the Company, the use of proceeds of the private placement financing, that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.