|
|
Article: Doughty Hanson Invests Additional $1.5 Million in Sustainable Energy.
- Article from:
- Marketwire Canada
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Nov 10, 2009 (Marketwire via COMTEX) -- Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") announced today that Doughty Hanson Technology Ventures ("Doughty Hanson") has exercised its Option to acquire 10 million Common Shares of the Company at a price of $0.15/share for a total consideration of $1.5 million. The Common Shares acquired represent 6.8% of the issued and outstanding Common Shares of the Company. The Option was granted as part of the $8.9 million private placement completed in two tranches in May of this year (News Releases dated May 9, 2009 and May 25, 2009).
The exercise of the Option ...