Sigma Labs Inc (SASI)

[ZRock]

The PR on 1/13/14 which addresses the PP and what funds will be used for, IMO.. Z

Mark Cola, President and Chief Executive Officer of Sigma Labs, stated that "We appreciate Rockville Asset Management Ltd.'s, confidence in Sigma Labs. In addition, Sigma Labs' debt-free structure combined with our recent development agreement with Metronic Systems, LLC for a 3D laser scanning technology, development of a low-cost 3D metal printing device and the largest order received, to date, for Sigma's PrintRite3D® systems, from a major international company, has now set the stage for Sigma Labs to enter a period of accelerated growth. This funding enables us to add key scientific and engineering personnel, and provides the ability to service our customers on a large scale and execute our overall plans for increased expansion in 2014 and beyond."

The net proceeds to Sigma Labs are expected to be approximately $3,325,000, assuming no exercise of the warrant and after deducting fees and expenses to be paid to third parties. The company will obtain an additional $2,138,888 assuming the exercise in full of the warrant. Sigma Labs intends to use the net proceeds of the placement primarily in connection with its PrintRite3D® technology, 3D scanner technology, and high-productivity service bureau based production, and for working capital and general corporate purposes.