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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2014) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company"), wishes to announce it has closed the first tranche of its previously announced non-brokered private placement of 2,000,000 Units priced at $0.25 for total gross proceeds of $500,000. Each Unit consists of one common share and one warrant. Each warrant is exercisable for one common share at $0.35 for a period of eighteen months following the closing and include an acceleration clause that is triggered by a share price of $0.55 per share. |
