Sofame Technologies Inc. (TSXV:SDW) announced an equity line of credit of to issue up to 17,500,000 common shares with new investor Dutchess Capital Management, LLC's fund Dutchess Opportunity Cayman Fund Ltd. for gross proceeds for CAD 10,000,000 on June 8, 2010. The equity line will have a term of 36 months. Each drawdown will be priced based on the then-current stock price in accordance with an agreed-upon formula. The company will control the timing and amount of any share issue. No commissions will be paid in connection with the transaction.

On June 8, 2013, Sofame Technologies Inc. cancelled the transaction.