For Immediate Release. Vancouver, British Columbia, November 30, 2011: Smart Autonomous Solutions Inc. (the “Company”) is pleased to announce that the seed round private placement has been oversubscribed for aggregate gross proceeds in excess of $250,000. The unit price for each share is $0.20.
Strong support was gained from Institutional Investors which represents 50% of the financing. The proceeds from the offering will mainly be used for patent acquisition, preparation for Beta-testing and working capital purposes.
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