LÉVIS, QC, June 28, 2013 /CNW Telbec/ - DEQ Systems Corp. ("DEQ" or the "Company") (TSXV: DEQ), a leading provider of cutting-edge technology solutions for table games, announced today that it completed a non-brokered private placement of $1,000,000 with the Caisse de dépôt et placement du Québec ("Caisse") by issuing 2,500,000 common shares at a price of $0.40 per share (the "Private Placement").
"DEQ, a promising Québec company, based in Lévis, with a presence in 30 countries, offers a differentiated product line and relies on a solid business model," said Martin Garand, Director, Investments and portfolio manager dedicated to the small-cap mandate at the Caisse. "This investment, which increases our interest in the company, attests to our confidence in DEQ's ability to carry out its expansion plan globally."
"We are very pleased to have the Caisse join our list of major strategic shareholders," said Earle G Hall. "The recognition by the Caisse of DEQ's potential is of tremendous strategic value for DEQ and will serve to increase DEQ's institutional shareholder base as the Company positions itself globally."
The Company intends to use the net proceeds of the Private Placement to accelerate product deployment as well as to increase its financial strength during its critical growth phase.
This Private Placement was carried out in accordance with prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. Securities issued in connection with the Private Placement are subject to a four-month and one-day hold period ending October 29, 2013.
ABOUT DEQ
DEQ Systems Corp. (TSXV: DEQ) is a customer-centric company that delivers to the global gaming industry best-of-breed table-game technology-related products that add value and increase client revenue. DEQ provides table-game-bonusing technology, table games, baccarat results tracking, and jackpot connectivity solutions to more than 275 casinos in 30 countries. DEQ is an intellectual-property-focused company that has an extensive patent portfolio of more than 20 patents recognized in 50 countries. For further information, please visit www.deq.com.
TSX Venture does not accept any responsibility regarding the accuracy of the information contained in this press release.
Forward-looking statements contained in this Press Release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
SOURCE: DEQ SYSTEMS CORP.
Earle G. Hall
President & CEO
DEQ Systems Corp.
p. (418) 839-3012
e. [email protected]
Francois Proulx
Chief Financial Officer
DEQ Systems Corp.
p. (418) 839-3012
e. [email protected]
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