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KELOWNA, BRITISH COLUMBIA--(Marketwired - June 2, 2014) - A Correction from Source is issued with respect to the release issued earlier today at 10:38 AM ET. The figure "$222,000,000" has been changed to "$222,000", and the corrected version follows.
SUNVAULT ENERGY INC. (OTCQB:SVLT) ("Sunvault") ("the Company") announces that it has successfully closed a $222,000 USD convertible debenture financing. The payments due can be converted into common shares by the holder at anytime at a price of .30 cents per share USD and carries an 8% coupon. The debenture has a two year maturity. The use of proceeds will be used to support operating expenses of the Company. |
