TORONTO, June 29 /CNW/ - Cyberplex Inc. (TSX: CX) (the "Company" or
"Cyberplex"), a North American technology consulting firm, announced today
that, further to its earlier press release of June 22, 2006, it has completed
a private placement raising gross proceeds of $3,250,000. The Company issued
8,125,000 units ("Units"), at $0.40 per Unit. Each Unit is comprised of one
common share and one-half warrant, with each whole warrant ("Warrants")
entitling the holder to acquire one additional common share at the price of
$0.60 for a period ending December 29, 2007.
The lead subscription came from an arm's length subscriber, Robert R.
McEwen, who subscribed for $3,000,000 representing 7,500,000 Units (7,500,000
common shares and 3,750,000 Warrants). The balance of the private placement,
$250,000 representing 625,000 Units, was subscribed for by directors of the
Company.
GMP Securities L.P. acted as financial advisor to the Company.
About Cyberplex
Cyberplex Inc. (www.cyberplex.com) is a technology consulting firm
focused on application expertise. The Company's specialized team of management
and technology consultants assist clients with all aspects of their
applications as they enhance, automate and manage technology solutions that
improve business processes.
This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Cyberplex Inc. with respect
to its performance, business and future events. Such statements are subject to
a number of risks, uncertainties and assumptions. Actual results and events
may vary significantly.
