Solarvest BioEnergy Inc. Announces Non-Brokered Private Placement
14 January 2014 - 10:40AM
Marketwired
Solarvest BioEnergy Inc. Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 13, 2014) -
SOLARVEST BIOENERGY INC. (TSX-VENTURE:SVS) ("Solarvest" or the
"Company"), wishes to announce it has arranged a non-brokered
private placement, pursuant to which the investor will purchase
from Solarvest up to 300,000 common shares priced at $0.30 per
share for gross proceeds of $90,000. Proceeds from this private
placement will be used as general working capital.
This placement will be entirely 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).
The shares will be subject to resale restrictions for a period
of four months from the closing date under applicable securities
legislation. Completion of the private placement will be subject to
a number of conditions including the approval of the TSX Venture
Exchange.
About Solarvest
BioEnergy:
Solarvest BioEnergy Inc. is an algae technology company
whose algal-based production platform 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.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
The statements
made in this news release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations
and projections.
Solarvest BioEnergy Inc.Gerri GreenhamChief Executive Officer416
420 0947ggreenham@solarvest.ca
Solarvest BioEnergy (TSXV:SVS)
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