ZBB Energy Corporation Signs Definitive Agreement To Raise $2.3 Million In Registered Direct Offering

ZBB Energy Corporation announced that it has entered into a securities purchase agreement for a registered direct offering with several investors to sell a total of 2,780,439 shares of common stock, for gross proceeds of $2,279,960 before deducting placement agent fees and estimated offering expenses. The shares will be sold for a per share purchase price of $0.82. MDB Capital Group, LLC acted as the placement agent for this offering. The transactions are expected to close on or about June 17, 2011, subject to satisfaction of customary closing conditions.