Business
Sirit Completes Private Placement
TORONTO, Sept. 30 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency i...
About this update from Torq Resources Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 30 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading\nprovider of radio frequency identification ("RFID") technology, confirms that\nit has closed its previously announced private placement issuing 5,360,670\ncommon shares of Sirit at a price of $0.15 for total gross proceeds of\n$804,100.\n\n\nAbout Sirit Inc.\n\n\nSirit Inc. (TSX: SI) is a leading provider of Radio Frequency\nIdentification (RFID) technology worldwide. Harnessing the power of Sirit's\nenabling-RFID technology, customers are able to more rapidly bring high\nquality RFID solutions to the market with reduced initial engineering costs.\nSirit's products are built on more than 15 years of RF domain expertise\naddressing multiple frequencies (LF/HF/UHF), multiple protocols and are\ncompliant with global standards. Sirit's broad portfolio of products and\ncapabilities can be customized to address new and traditional RFID market\napplications including Supply Chain & Logistics, Cashless Payment (including\nElectronic Tolling), Access Control, Automatic Vehicle Identification, Near\nField Communications, Inventory Control & Management, Asset Tracking and\nProduct Authentication. For more information, visit www.sirit.com.\n\n\nCautionary Note Regarding Forward-Looking Statements\n\n\nSafe Harbor Statement under the United States Private Securities\nLitigation Reform Act of 1995: Except for the statements of historical fact\ncontained herein, the information presented constitutes "forward-looking\nstatements" within the meaning of the Private Securities Litigation Reform Act\nof 1995 and Canadian provincial securities legislation. These forward-looking\nstatements relate to, among other things, Sirit's objectives, goals,\nstrategies, intentions, plans, beliefs, expectations and estimates, and can\ngenerally be identified by the use of words such as "may", "will", "could",\n"should", "would", "suspect", "outlook", "expect", "intend", "estimate",\n"anticipate", "believe", "plan", "forecast", "objective" and "continue" (or\nthe negative thereof) and words and expressions of similar import, and may\ninclude statements concerning possible or assumed future re...