in News Departments > New & Noteworthy
print the content item

Toronto-based Water Capital Inc. has completed the acquisition of all issued and outstanding shares of Schneider Power Inc. The acquisition represents the completion of Water Capital's arms-length qualifying transaction pursuant to the policies of the TSX Venture Exchange Inc. Water Capital will be a Tier 2 issuer whose shares will be listed for trading on the exchange with the symbol TSXV:SNE.

Concurrently with the completion of the qualifying transaction, Schneider Power completed an offering of 5,380,000 units (C$2,690,000) at a price of C$0.50 per unit. Each unit consists of one offering share and one-half warrant. Each whole warrant entitles the holder thereof to purchase one common share of the resulting issuer at a price of C$0.60 at any time within two years following the completion of the qualifying transaction.

Immediately following the qualifying transaction, the board of directors of Schneider Power shall be comprised of the following six individuals: Bernd Schneider, Thomas Schneider, Jonathan Lundy, Ralf Krueger, Richard Boxer and Timothy Gallagher.

SOURCE: Schneider Power Inc.


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008