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Solarvest BioEnergy Inc Announces Non-Brokered Private Placement


Monday, 25 Mar 2013 05:33pm EDT 

Solarvest BioEnergy Inc announced that it has arranged a non-brokered private placement, pursuant to which the investor will purchase from Solarvest up to 400,000 common shares priced at $0.25 per share for gross proceeds of $100,000. Proceeds from this private placement will be used as general working capital. This placement will be entirely subscribed by a director and officer who is also a Control Person of the Company and the placement is exempt from shareholder approval accordance with MI 61-101 (Protection of Minority Security Holders in Special Transactions). The shares will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation. Completion of the private placement will be subject to a number of conditions including the approval of the TSX Venture Exchange. 

Company Quote

0.245
-0.0050 -2.00%
30 Jan 2015