Smartcool Systems Inc. (TSXV:SSC) announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on September 30, 2015. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.10 per share for a period of 12 months from the date of closing.

All shares and warrant shares issued will be subject to resale restrictions imposed by applicable law or regulation, including a four month hold period that will begin on the closing date. The transaction is subject to receipt of approval from the TSX Venture Exchange.