HLT Energies Inc. Announces Private Placement
March 03 2008 - 5:42PM
Marketwired
MONTREAL, QUEBEC (TSX VENTURE: HES) would like to provide an
update with respect to the proposed financings announced in its
press release dated December 10, 2007. The two proposed private
placements announced therein have not yet taken place.
The parties involved in the first private placement of 1,000,000
units have re-negotiated the terms of that private placement. The
subscriber has been replaced and the private placement will be made
with a private investor. Consequently, it will not be a "related
party" transaction within the meaning of Regulation 61-101
respecting protection of minority security holders in special
transactions. The anticipated closing date is on or around March 7,
2008. Closing is subject to the approval of the TSX Venture
Exchange.
Regarding the second private placement announced December 10,
2007, the terms of the second private placement are still being
negotiated by the parties involved.
About HLT Energies
HLT is an important provider of renewable energy and renewable
energy production equipment harnessing sustainable energy sources.
With its equipment; HLT harnesses the full potential of these
energy sources hence creating stable energy as well as important
and stable revenues.
HLT generates clean and renewable energies from the sun and the
wind. HLT has acquired a solar photovoltaic know how, as well as
the know how to manage various sources of renewable energies,
through its investment in Ekowatt s.a. and its acquisition of the
F.I.M.E.S. intellectual property, respectively. The generation of
solar thermal energy was until very recently HLT's flagship, but
HLT has broadened its activities through its recent
investments.
HLT is a leader in the production and sale of sustainable solar
thermal energy at lower cost than conventional sources such as
electricity and natural gas to residential, commercial, industrial
and institutional customers. HLT is now able to completely cover
the solar thermal and photovoltaic market, and electronically
manage these sources of clean energy plus energy generated by wind
mills or hydraulic power plants, for institutional, commercial and
residential clients.
Forward Looking Statements
This press release contains certain forward looking statements
with respect to HLT Energies. Such forward looking statements are
dependent upon certain factors and are subject to risks and
uncertainties. Actual results may differ from those expected. The
information contained in this press release is dated March 3, 2008,
the date of its approval by HLT Energies management. HLT Energies
management does not assume any obligation to update or revise any
forward looking statements, whether as a result of new information
or future events, except when required by the regulatory
authorities.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Gerald Desourdy President and Chief Executive Officer
514-868-1111 x 222 g.desourdy@hltenergies.com Andre Audet Chairman
of the Board of Directors 514-284-1004 aaudet@bromeinc.com
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