HLT Energies Inc. Announces the Closing of a Private Placement, the Renegotiation of the Terms of Payment of the Balance for the
13 Março 2008 - 10:12AM
Marketwired
MONTREAL, QUEBEC (TSX VENTURE: HES) is pleased to announce the
closing Friday, March 7, 2008, of its previously announced private
placement, subject to final approval of the TSX Venture Exchange.
The private placement consists of 1,000,000 units at a price of
$0.15 per unit for gross proceeds to HLT Energies of $150,000.
Each unit consists of one common share of HLT Energies and one
common share purchase warrant. Each common share purchase warrant
entitles the holder thereof to acquire one common share at an
exercise price of $0.15, for a period of two years. The common
shares and the common share purchase warrants comprising the units
are subject to a four-month hold period expiring July 8, 2008.
Balance of Payment for the Acquisition of the European
Subsidiary
March 6, 2008, HLT Energies renegotiated the terms for the
payment of the balance of payment of the acquisition of its
subsidiary HLT Europe (formerly the s.p.r.l. ITER), due since
October 1, 2007. This balance of payment remaining, in the amount
of $100,934, is now payable over a period of 15 months, beginning
March 15, 2008, and bears interest at a rate of 5% per annum.
Resignation of a Member of the Board of Directors
The chairman of the board of directors would like to announce
the resignation of Mr. Kurt Portmann, effective February 28, 2008.
Mr. Portmann is a founding shareholder of HLT Energies and will
continue to support the activities of the business.
About HLT Energies
HLT Energies is a producer, operator and distributor of
renewable energy and renewable energy systems (wind, solar thermal
and photovoltaic) in accordance with the principles of sustainable
development. HLT Energies installs, operates, maintains and sells
systems of renewable energy to industrial, commercial and
institutional clients and also sells residential systems.
HLT has acquired an expertise in solar photovoltaic energy, as
well as an expertise in the management of various sources of
renewable energies, through its investment in Ekowatt s.a. and its
acquisition of the F.I.M.E.S. intellectual property.
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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