EDMONTON, March 28 /PRNewswire-FirstCall/ -- Serenic Corporation (the "Corporation" or "Serenic") (TSX-V:SER), an international software developer specializing in integrated financial management and HCM solutions for not-for-profit organizations (NFP), government agencies, and Microsoft Dynamics NAV users, announced today that it has applied to the TSX Venture Exchange for extension of the expiry dates of warrants that were issued in connection with two private placement financings conducted between April and June 6 of 2007.
The Corporation is seeking approvals to extend the expiry dates of 850,000 common share purchase warrants that were issued in connection with a private placement of an aggregate of 850,000 units at $0.40 per unit that closed on April 30, 2007 (the "Issue 1 Warrants"), from the original expiry date of April 30 2008 when issued, to April 30, 2009; and 999,994 common share purchase warrants that were issued in connection with a private placement of an aggregate of 1,999,988 units at $0.60 per unit that closed between May 31, 2007 and June 6, 2007 (the "Issue 2 Warrants"), from the original expiry dates of May 31, 2008 and June 6th, 2008 when issued, to April 30, 2009.
The Issue 1 Warrants and Issue 2 Warrants will retain their current exercise prices of $0.75 and $0.80, respectively, and in all other respects the terms of the warrants will remain unchanged and in full force and effect.
About Serenic Corporation
Serenic Corporation develops, markets and supports mission-critical fund accounting software solutions for not-for-profit organizations and government agencies. In addition, Serenic is the exclusive developer of the human resources and payroll products for Microsoft Dynamics NAV ERP users in North America. The Company's products are based on leading application and technology platforms from Microsoft, including Dynamics NAV, SQL Server, and .NET. Serenic is a member of Microsoft's Inner Circle, an elite group of 67 members representing the top 1% of Microsoft partners world-wide. Serenic has offices in Edmonton and Denver and staff located throughout the USA.
ON BEHALF OF THE BOARD OF DIRECTORS By: "Dwayne Kushniruk" Chairman SERENIC CORPORATION The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
