By Sheri Kasprzak
Atlanta, March 28 - Hydrogen Technologies Corp. said it will raise up to C$4 million in a private placement.
The offering includes up to 1 million units at C$4.00 each.
The units are comprised of one share and one half-share warrant. The full warrants provide for an additional share at C$10.00 each for two years.
Based in Regina, Sask., Hydrogen Technologies develops technologies to capture hydrogen for energy production. The proceeds will be used for business development and working capital.
| Issuer: | Hydrogen Technologies Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$4 million (maximum)
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| Units: | 1 million (maximum)
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| Price: | C$4.00
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$10.00
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| Pricing date: | March 24
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| Stock price: | C$5.50 at close March 24
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