Seprotech Announces Bridge Loan Facility

    




 OTTAWA, Nov. 29, 2011 /CNW/ - Seprotech Systems Incorporated  ("Seprotech" or the "Company") announces a bridge loan  facility of up to $200,000 (the "Loan") available until February 27,  2012. The loan is unsecured, and carries an interest rate of 7% per  annum, payable monthly in arrears. 

 An Insider of the Company, Seprotech's Chairman Jordan Grant, will  participate for up to a maximum of 50% of the Loan. Mr. Grant will  participate in the Loan on the same terms and conditions as other  participants. 

 Proceeds from the Loan will be utilized as working capital to accelerate  completion of various contracts now in varying stages of assembly by  the Company. 

 About Seprotech: 

 Seprotech is a provider of pre-engineered water and wastewater treatment  solutions to the development, resource and military sectors, including  Reverse Osmosis water purification systems, ROTORDISK® biological  sewage treatment package plants and CrystalBlue™ membrane-based water  recycling systems. 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release.  The TSX Venture Exchange has neither approved nor disapproved of the  information contained herein. Some of the statements in this press  release, including those relating to the Company's strategies and other  statements the private placement financing activities of the Company,  the use of proceeds of the private placement financing, that are  predictive in nature,  that depend upon or refer to future events or  conditions, or that include words such as "expects", "anticipates",  "intends", "plans", "believes", "estimates" or similar expressions, are  forward-looking statements within the meaning of securities laws.  Forward-looking statements include, without limitation, the information  concerning possible or assumed future results of operations of the  Company. These statements are not historical facts but instead  represent only the Company's expectations, estimates and projections  regarding future events. The Company does not undertake any obligation  to update or release any revisions to these forward-looking statements  to reflect events or circumstances after the date of this presentation  or to reflect the occurrence of unanticipated events, except as  required by law. 

Seprotech Systems Incorporated


CONTACT:  Mr. Ian W. Malone, CFOTel: [phone]Fax: [phone] 


    

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