Brisio Innovations Announces Investment in Pioneering Technologies Corp.
(via Thenewswire.ca)
VANCOUVER, BC / TheNewswire / March 30, 2015 - Brisio Innovations (CSE: BZI, OTC: NTCEF) (the "Company") wishes to announce it has completed an investment in Pioneering Technologies Corp. (TSXV:PTE) ("Pioneering").
The Company subscribed for 1,200,000 units of Pioneering (each, a "Unit") at a price of $0.125 per Unit, for a total price of $150,000. Each Unit was comprised of one common share of Pioneering (each, an "Pioneering Share") and one-half of one share purchase warrant, with each warrant entitling the Company to acquire one additional Intema Share at a price of $0.25 per share until the date that is 18 months after the close of the offering.
About Pioneering Technology Corp: Pioneering, based in Mississauga, Ontario is an "energy smart" product innovation/consumer goods company and North America's leader in cooking fire prevention technologies. Pioneering engineers and brings to market energy-smart solutions for everyday consumer appliances making them safer, smarter, and more efficient. Pioneering's patented cooking-fire prevention technologies/products are engineered to help prevent cooking fires, the number one cause of household fire (a multi-billion dollar problem) in North America. According to the National Fire Protection Association, stovetop cooking is the number one cause of household fire in North America (44% of all household fires - up from 20% in 1980). Pioneering has proprietary cooking fire prevention solutions for the majority of the more than 140 million stoves/ranges and microwave ovens throughout North America. Pioneering's cooking fire prevention trademarks include Safe-T-element, SmartBurner, RangeMinder & Safe-T-sensor.
For more information on Pioneering Technologies Corp. see: www.pioneeringtech.com/
Paul Andreola
President
Brisio Innovations
Office: 604-200-1022
www.brisio.com
About the Company
Brisio Innovations invests its capital in assets, companies and projects which management believe are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. Brisio does not invest on behalf of any third party and it does not offer investment advice. |
