03:35 PM EST - Smart Employee Benefits Inc. : Announced the completion of the first tranche of a private placement equity financing for gross proceeds of $2,400,000 out of maximum aggregate proceeds of $4,000,000. The First Tranche financing consists of 6,000,000 units at a price of $0.40 per Unit. Each Unit consists of (i) one common share of SEB and (ii) one common share purchase warrant of SEB. Each Warrant has a term of 24 months from the date of issuance and vests on December 31, 2016 at an exercise price of $0.75 per share. Smart Employee Benefits Inc.
shares V.SEB are trading unchanged at $0.40.
