in News Departments > FYI
print the content item

HLT Energies Inc., a generator of wind and solar power, has provided an update with respect to the proposed financings announced in its press release dated Dec. 10, 2007. The two proposed private placements announced therein have not yet taken place.

The parties involved in the first private placement of 1 million units have re-negotiated the terms of that private placement. The subscriber has been replaced, and the private placement will be made with a private investor.

Consequently, it will not be a "related party" transaction within the meaning of Regulation 61-101 respecting protection of minority security holders in special transactions. Closing is subject to the approval of the TSX Venture Exchange.

The terms of the second private placement, announced Dec. 10, 2007, are still being negotiated by the parties involved.


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015