CBD Energy announces plan to price public sale of 1.2 million shares

Deal funds working capital, acquisitions, projects, corporate purposes

By Devika Patel

Knoxville, Tenn., May 9 - CBD Energy Ltd. will sell 1.2 million ordinary shares in its public offering with a 45-day greenshoe, according to a Form F-1/A filed Friday with the Securities and Exchange Commission. The deal was announced March 25.

National Securities Corp. is the bookrunning manager, and Northland Capital Markets is the co-manager.

Proceeds will be used for working capital, acquisitions, renewable energy projects and general corporate purposes.

The renewable energy and energy-efficiency company is based in Sydney, Australia.

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