Solarvest Bioenergy Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Gerri Greenham Acquires Common Shares of Solarvest BioEnergy Inc for Investment Purposes
Gerri Greenham announced that he has acquired 200,000 Units in Solarvest BioEnergy Inc pursuant to a private placement at $0.25 per Unit for a total purchase price of $50,000. Each Unit consists of one common share and one half warrant. Each whole warrant is exercisable for one common share at $0.35 for a period of eighteen months following the closing and include an acceleration clause that is triggered by a share price of $0.60 per share. As a result of this acquisition, Mr. Greenham now holds 7,724,000 common shares of the Company representing approximately 50.2% of the common shares currently outstanding. Mr. Greenham also holds warrants to purchase an additional 100,000 common shares and stock options to purchase an additional 70,000 common shares. If Mr. Greenham exercises his warrants and stock options, he will hold 7,894,000 common shares of the Company representing approximately 50.75% of the outstanding common shares.
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