BlackIce Arranges Financing

BlackIce Enterprise Risk Management (CSE:BIS), has arranged a non-brokered private placement of 1,785,000 Units at $0.05 per Unit for gross proceeds of $89,250.  Each Unit consists of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional share at a price of $0.10 cents per warrant share for a period of two years from the closing date.  A finder’s fee will be payable to qualified persons.
 
About BlackIce Enterprise Risk Management Inc. (CSE: BIS)
BlackIce is a software technology and consulting firm, specializing in global enterprise risk management for the financial services industry. BlackIce software solutions are open platform applications that deliver end-to-end data and analytical standards that meet international regulatory reporting and monitoring requirements.
BlackIce Enterprise Risk Management Inc. is a publicly-traded company listed on the Canadian Stock Exchange (CSE); trading symbol BIS (C.BIS or BIS.cn). For more information about our company please visit www.blackiceinc.com or phone us
at 1-604-510-4505.
 
BlackIce Enterprise Risk Management Inc.
Judy Kalyan
CEO Executive Chairman
Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of BlackIce Enterprise Risk Management Inc. Such information is based on assumptions made by the company’s management. Although the company believes these assumptions are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any obligation to update publicly any forward-looking information, other than as required by applicable securities laws.
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Source: www.morningstar.com