Solarvest BioEnergy Inc. Announces Non-Brokered Private Placement
June 30 2014 - 4:08PM
Marketwired
Solarvest BioEnergy Inc. Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 30, 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:
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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