By Devika Patel
Knoxville, Tenn., May 2 - Ceramic Fuel Cells Ltd. said it will conduct a £7 million private placement of shares.
The company will sell 35 million shares at 20p each.
Proceeds will be used as working capital.
Based in Victoria, Australia, Ceramic Fuel Cells develops technologies used in stationary power generation.
| Issuer: | Ceramic Fuel Cells Ltd.
|
| Issue: | Shares
|
| Amount: | £7 million
|
| Shares: | 35 million
|
| Price: | 20p
|
| Warrants: | No
|
| Pricing date: | May 2
|
| Stock symbol: | London: CFU
|
| Stock price: | 24.82p at close May 1
|
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