Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is
pleased to announce it received conditional acceptance from TSX Venture Exchange
for a non-brokered private placement of 3,000,000 common shares at a price of
$0.08 per common share to raise gross proceeds of up to $240,000. The private
placement has closed, subject to final approval from the TSX Venture Exchange.
The shares are subject to a 4 months hold period from date issued. No warrants
will be issued. No finder's fee will be paid in connection with the private
placement. The private placement proceeds will be used for general working
capital


About Open EC Technologies Inc.

Open EC is a TSX Venture Exchange listed company. Its subsidiary, SoftCare EC
Solutions Inc. is an e-business software, services and solution provider.
SoftCare's OpenEC(R) e-business software includes solutions for Electronic Data
Interchange (EDI), Healthcare Interoperability and Business Process Management.
The Company sells the OpenEC(R) products and solutions to the healthcare,
financial services and retail supply chain in North America. The company has a
growing focus on turnkey solutions for US Healthcare Information Technology
Reforms funded by the US Federal Government ARRA programs for Healthcare IT
Interoperable mandates. Additional product and solution information is available
on the web at www.softcarehealthcare.com and www.softcare.com and additional
public company information is available on the web at www.openec.com. The
Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.


ON BEHALF OF THE BOARD

Martyn A. Armstrong, President and CEO

Further information about the company can be found on SEDAR (www.sedar.com).

This news release may contain forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently
anticipated in such statements.


Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Open EC Technologies Charts.
Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Open EC Technologies Charts.