TORONTO, July 17, 2013 /CNW/ - Sprylogics International Corp. (TSXV: SPY), (“Sprylogics” or “the Company”), the international provider of innovative mobile search and messaging monetization services, announces that it has entered into an engagement letter with Beacon Securities Limited (the “Agent”) in respect of a private placement of subscription receipts of Sprylogics on a best efforts basis (the “Offering”). The Offering consists of a private placement of approximately 12,500,000 subscription receipts (the “Subscription Receipts”) at a price of$0.40 per subscription receipt for gross proceeds of approximately $5,000,000. Read more