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Provider: Reuters Investment Profile

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Solarvest BioEnergy Inc Closes Non-Brokered Private Placement

Tuesday, 14 May 2013 05:54pm EDT 

Solarvest BioEnergy Inc announced that it has closed a non-brokered private placement, pursuant to which an investor purchased from the Company 1,000,000 common shares at a price of $0.24 per share for gross proceeds of $240,000. This placement was 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). Proceeds from this private placement will be used as general working capital. The shares will be subject to resale restrictions for a period of four months from closing under applicable securities legislation. 

Company Quote

-0.01 -4.00%
31 Oct 2014