Doughty Hanson Purchases 50,000 Preferred Shares of Sustainable Energy

Sustainable Energy Technology Ltd. (TSX VENTURE:STG) ("Sustainable Energy")
announced today that Doughty Hanson purchased 50,000 First Preferred Shares
Series 12 under a previously announced Equity Commitment Agreement for a total
consideration of $500,000.


The Series 12 shares are convertible into Common Shares of Sustainable Energy at
$0.10 per share or at $0.08 per share if the shareholders approve a special
resolution to consolidate the common share capital on the basis of up to ten old
shares for one new share with the exact consolidation basis to be determined by
the Board of Directors to be in the best interests of the Company and its
shareholders. The Company intends to seek such a resolution at the next Annual
General Meeting of the Shareholders. 


About Doughty Hanson: Doughty Hanson (www.doughtyhanson.com) is one of Europe's
most successful independent private equity firms. Since 1985, Doughty Hanson has
undertaken more than 118 investments with an aggregate acquisition value in
excess of EUR28 billion. Doughty Hanson employs over 50 investment professionals
of 15 nationalities, located in offices in London, San Francisco, Frankfurt,
Madrid, Milan, Munich, Paris and Stockholm.


About Sustainable Energy:

Sustainable Energy (www.SustainableEnergy.com) is a Canadian solar inverter
company which supplies Canada, the U.S. and Europe. The Company's patented
inverter technologies are a breakthrough in power inverter design and
capabilities for all forms of distributed generation and smart grid
applications. The PARALEX inverter is the industry's only grid-interactive solar
inverter which enables a "parallel" solar PV system architecture in higher power
ratings at a cost and serviceability factor that is comparable to conventional
string inverters in the market. 


Forward Looking Information

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we include:
statements concerning the impact of our technology on solar PV system
performance; and statements concerning demand for products; Forward-looking
information is not a guarantee of future performance and involves a number of
risks and uncertainties.


Many factors could cause the Company's actual results, performance or
achievements, or future events or developments, to differ materially from those
expressed or implied by the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, which speaks only as
of the date hereof. Readers are also directed to the Risk Factors section of the
Company's current Annual Information Form which may be found on its website or
at www.sedar.com The Company does not undertake any obligation to release
publicly any revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or to reflect
the occurrence of unanticipated events, except as may be required under
applicable securities laws.

Stone Gold (TSXV:STG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024