Cleanfield Announces Share Issuance
19 7월 2012 - 11:23PM
PR Newswire (Canada)
TORONTO, July 20, 2012 /CNW/ - Cleanfield Alternative Energy Inc.
("Cleanfield") announces that, subject to TSX Venture Exchange
("Exchange") approval, it will issue 1,685,000 common shares at
$0.05 per share to satisfy certain debt owing to two arm's length
creditors of its subsidiary, Cleanfield Energy Corp. The
common shares will be issued when the Exchange's approval is
received. All common shares issued will be subject to a four-month
Exchange hold period when issued. About Cleanfield Alternative
Energy: Cleanfield is an innovative technology company focused on
the research, development and distribution of renewable energy
solutions for the urban environment. The company owns industry
leading and proprietary inverter technologies, which it currently
sells through a complete solution - a 3.5 kW vertical axis wind
turbine. The company is also developing several advanced solar
photovoltaic technologies with strategic partners. Forward Looking
Statements: Certain statements in this news release may be
considered to be forward-looking. These statements relate to future
events or Cleanfield's future results including revenues and
reflect the current assumptions and expectations of management.
Unknown factors may affect the events, performance, revenues and
results of operations described herein. Cleanfield undertakes no
obligation, and does not intend to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable laws. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
Cleanfield Alternative Energy Inc. CONTACT: Go to
www.cleanfieldenergy.com, or contact Tony Verrelli, CEO,Cleanfield
416 756-4890, info@cleanfieldenergy.com.
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