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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2015) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company"), announces it has closed a first tranche of its previously announced non-brokered private placement, pursuant to which investors purchased from the Company an aggregate 300,000 Units at a price of $0.25 per Unit for gross proceeds of $75,000. 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. |
