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| Home : Sunvault Energy Announces Private Placement Closing |
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Jun 02
2014 |
Sunvault Energy Announces Private Placement Closing |
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KELOWNA, BRITISH COLUMBIA--(Marketwired - June 2, 2014) - SUNVAULT ENERGY INC. (OTCQB:SVLT) ("Sunvault") ("the Company") announces that it has successfully closed a $222,000,000 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. |
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| Source:http://www.marketwired.com/mw/release.do?id=1916270&sourceType=3 |
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