I agree Flynn, this is a huge vote of confidence.

However, I don’t believe they’re the one we’re looking for. Actually, Caisse de depot du Quebec invested $1.3 million and acquired 26,000,000 shares. While our Mystery Institution acquired 8,333,333 shares. The other investor, Fiera Capital QSSP II Investment Fund Inc. pitched in $750,000 for 15,000,000 shares.

We may see both report somewhat later, my understanding is that they have 3 months to report, if they required at all.

MONTREAL, May 28, 2012 /CNW Telbec/ - Sonomax Technologies Inc. (TSX Venture: SHH) has completed its previously announced private placement by issuing 60 million units to "accredited investors" at a price of $0.05 per unit, for gross proceeds to Sonomax of $3 million.

Caisse de dépôt et placement du Quebec invested $1.3 million under its publicly listed small-cap Québec companies mandate. "We've been following Sonomax's progress for over a year now and believe that the company has reached a pivotal point in its growth. This is why we have decided to invest in this promising Quebec-based company, which meets the investment criteria we have established for this mandate," said Martin Garand, Investment Director with the Caisse.

Other investors in the private placement were the Fiera Capital QSSP II Investment Fund Inc. ($750,000), Sonomax directors and officers ($495,000) and other investors ($455,000). Sonomax will use the net proceeds from the private placement for commercialization of its products, business development and working capital.

http://tmx.quotemedia.com/article.php?newsid=51597703&qm_symbol=SHH