SEB Announces Closing of $5 Million Private Placement Financing

Mar 10, 2022

MISSISSAUGA, Ontario, March 09, 2022 (GLOBE NEWSWIRE) -- Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) a leader in benefits processing solutions and services today announced the issuance of a $5,000,000 convertible debenture (the “Debenture”) pursuant to a non-brokered private placement (the “Financing”) with Co-operators Financial Services Limited (“The Co-operators”), a large existing strategic investor. The proceeds of the Financing will be used for general working capital purposes including the repayment of select payables.

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