Birchtree Energy intends to conduct a C$1.5 million private placement

Offering conducted as part of planned business combination with Cluny

By Devika Patel

Knoxville, Tenn., Sept. 30 – Birchtree Energy Corp. will raise between C$1 million and C$1.5 million in a private placement, according to a press release.

The company will sell securities at a price to be determined in the context of the market.

The deal will be conducted as part of the company’s planned business combination with Cluny Capital Corp., a capital pool company.

The Toronto-based company specializes in distributing wood pellets.

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