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SAMSys Announces Partial Repayment of Secured Debentures
SAMSys Announces Partial Repayment of Secured Debentures.
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nCompany: SAMSys Technologies Inc.\nStock Symbol: SMY\nListing: TSX\nOutstanding Shares: 51.5 Million \nWeb Site: www.samsys.com\n\nTORONTO, Feb. 24 /CNW/ - SAMSys Technologies Inc. (SMY:TSX) (\"SAMSys\" or\nthe \"Company\"), an international provider of radio frequency identification\nhardware solutions, today announced that it has repaid $2,000,000 of the\nprincipal amount outstanding under its secured debentures (the \"Debentures\")\nissued on August 31, 2005 to Wellington Financial Fund II (\"Wellington\"). As\ndisclosed in the Management's Discussion and Analysis for the quarter ended\nDecember 31, 2005 the Company had previously segregated this amount for the\npurposes of repayment.\nSAMSys is currently in compliance with the covenants contained in the\nDebentures. Following the repayment described above, the outstanding principal\namount of the Debentures is $4,000,000.\n\nAbout SAMSys Technologies Inc.\nSAMSys, founded in 1995, is a world-leading provider of radio frequency\nidentification (\"RFID\") reader solutions. SAMSys offers a family of products\nto simplify the installation and ensure the ongoing performance of the overall\nRFID hardware infrastructure. SAMSys is a public company whose common shares\nare listed for trading on the TSX under the symbol \"SMY\". SAMSys has\napproximately 51.5 million common shares outstanding. Visit SAMSys at:\nwww.samsys.com and www.investorfile.com.\n\nTHIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE\nRESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,\nUNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE\nACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS\nFILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED\nANNUAL REPORT AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE\nGIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD LOOKING STATEMENTS\nWILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY\nWILL DERIVE THEREFROM.\n%SEDAR: 00001696E\n\n\n","length":2105,"tagName":"div"}]