July 22 (Reuters) - Smart Employee Benefits Inc SEB.V :
* SMART EMPLOYEE BENEFITS - CONTINUING TO WORK ON COMPLETING $20 MILLION STRATEGIC FINANCING TRANSACTION BY PRIVATE PLACEMENT OF A CONVERTIBLE DEBENTURE
* SMART EMPLOYEE BENEFITS - PRINCIPAL AMOUNT OF CONVERTIBLE DEBENTURE IS CONVERTIBLE INTO COMMON SHARES OF CO AT $0.25 PER SHARE
* SMART EMPLOYEE BENEFITS - COMPLETION OF STRATEGIC FINANCING TRANSACTION HAS BEEN DELAYED DUE TO CHALLENGES & DELAYS RELATED TO COVID-19 PANDEMIC