EuroSite Power Inc Announces Aggregate Offerings Of $2.3 Million Of Common Stock
EuroSite Power Inc announced that it has entered into definitive agreements to sell an aggregate of 2,250,000 shares of its common stock and warrants to purchase an aggregate of 2,250,000 shares of its common stock to accredited investors in a registered direct offering and a private placement. The warrants will be exercisable at an exercise price of $1.00 per share and will expire on November 21, 2013. The offerings are expected to result in net proceeds of approximately $2.1 million after deducting placement agency fees and estimated offering expenses.
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