Burnaby, B.C. November 19, 2007 ~ Photon Control Inc. (the “Company”) (TSX-V: PHO) is
pleased to report the closing of the non-brokered private placement previously announced on
October 24, 2007. As a result of the closing, the Company issued 10,000,000 common shares at a price of $0.075 per share for gross proceeds of $750,000.
The common shares are subject to a hold period expiring on March 17, 2008. Directors of the Company acquired 3,081,032 common shares under the private placement for proceeds of $231,077.41. The proceeds of the private placement will be used for accelerated commercialization of selected innovative optic product lines and for working capital. The private placement is subject to final approval of the TSX Venture Exchange.
About Photon Control Inc. www.photon-control.com
Photon Control Inc. develops and manufactures optoelectronic products for measurement and control. All Photon’s products have competitive advantages in both performance and cost. Markets for Photon’s products include semiconductor capital equipment, oil and gas, power industry, life sciences and research.
Company Contact: Lauren Nickel, Investor Relations
604.422.8861 x 108
lnickel@photon-control.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.