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Alias Born 10/25/2007

Wednesday, June 20, 2018 6:58:01 AM

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Merger in Energy Efficiency Sector Creates Strategic Opportunities

A number of companies have arisen to service the market, including Smartcool Systems Inc. (SSC:TSX.; SSCFF:OTC; R3W:Frankfurt) and Total Energy Concepts Inc. Smartcool, a rapidly growing CA$11 million market cap enterprise, provides products that increase the energy efficiency of air conditioning, refrigeration and heat pump systems. Total Energy Concepts, a privately held firm, offers a holistic approach to optimize energy use.

Smartcool and Total Energy Concepts announced a strategic merger in March and on June 19 reported they have amended the letter of agreement. The amendment fixes the number of shares of the transaction. In exchange for 100% of Total Energy Concepts, Smartcool will provide 18 million common shares of Smartcool, 5 million non-transferable share purchase warrants and $150,000 in cash, paid out over a one-year period. Each warrant is for one common share at the closing price and is good for five years.

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