OTTAWA, June 25, 2012 /CNW/ - Seprotech Systems
Incorporated (TSXV: SET) ("Seprotech" or the "Company") advises
that it has entered into a financial advisory agreement with Jacob
Securities Inc. (the "Agreement").
Jacob Securities Inc. ("Jacob") is an independent full-service
investment bank providing underwriting and financial advisory
services to companies in the renewable power, infrastructure,
energy and mining sectors. The firm, which is headquartered in
Toronto, primarily services small
and mid-cap issuers in North
America and around the world. The firm has comprehensive
coverage of the complete energy spectrum - from renewable energy
and clean technology to conventional utilities to oil and gas to
energy linked natural resources such as coal, uranium, lithium and
rare earth.
Jacob does not currently own directly any common shares of
Seprotech and the relationship between Jacob and the Company is
entirely arms-length. Jacob has also contracted to sponsor the TSX
Venture Exchange listing for the Company's recently announced
merger by way of reverse takeover with the WESA Group Inc.
Under the terms of the agreement, Jacob will provide Seprotech
with advisory services to support the Company's positioning within
the capital markets. The agreement provides for a monthly retainer
of $5,000, increasing to $7,500 monthly at such time as trading in
Seprotech's common shares recommences. The agreement is for an
initial term of 12 months, and may be extended by mutual agreement.
Source of funds for these services is from the Company's operating
revenues. No indirect consideration is involved.
About Seprotech:
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 CrystalBlueâ„¢ membrane-based water recycling
systems.
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 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.
SOURCE Seprotech Systems Incorporated