Cleanfield Announces Private Placement and Share Issuance
19 8월 2012 - 7:29AM
PR Newswire (Canada)
TORONTO, Aug. 22, 2012 /CNW/ - Cleanfield Alternative Energy Inc.
("Cleanfield") announces that it completed a non-brokered private
placement with gross proceeds totalling $262,000 by
issuing, subject to TSX Venture Exchange ("Exchange")
approval, a total of 5,240,000 common shares at $0.05 per
share. All securities issued in the private placement are
subject to a four-month Exchange hold period. The net proceeds from
the private placement will be used for working capital. Cleanfield
also announces that, subject to Exchange approval, it will issue
616,960 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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