05:47:28 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Solarvest Bioenergy Inc
Symbol SVS
Shares Issued 23,860,216
Close 2018-06-15 C$ 0.20
Market Cap C$ 4,772,043
Recent Sedar Documents

Solarvest Bioenergy arranges $300,000 private placement

2018-06-26 15:20 ET - News Release

Mr. Gerri Greenham reports

SOLARVEST BIOENERGY INC. ANNOUNCES PRIVATE PLACEMENT

Solarvest Bioenergy Inc. has arranged a non-brokered private placement, pursuant to which the company intends to raise up to $300,000 through the issuance of up to 1.5 million units at a price of 20 cents per unit. Each unit consists of one common share and one whole warrant. Each whole warrant entitles the holder to acquire one additional common share of the company at a price of 25 cents per share for a period of three years following closing and includes an acceleration clause that is triggered by a 20-day volume weighted average price greater than 55 cents per share.

Proceeds from this private placement will be used as general working capital.

All securities issued pursuant to this tranche are subject to resale restrictions for a period of four months and one day from closing under applicable securities legislation. Final closing of the private placement is subject to TSX Venture Exchange acceptance.

About Solarvest Bioenergy Inc.

Solarvest Bioenergy is an algae technology company that has an algal-based production platform which provides it with an extremely flexible system capable of being adapted to produce clean energy in the form of hydrogen and health products such as omega oils in an economic and environmentally sensitive manner.

We seek Safe Harbor.

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