Ballard Power Systems Inc. (TSX: BLD)(NASDAQ: BLDP) announced that securityholders have approved the previously announced transaction with Superior Plus Income Fund (TSX: SPF.UN)(www.superiorplus.com) to reorganize the Company's business, resulting in a non-dilutive financing with net cash proceeds of approximately C$41 million (US$34 million). Of the securities voted, 98.3% were voted in favor of the transaction.
Rx Networks Inc., a mobile positioning technology and global services company, is pleased to announce the closing of a $1.85 million financing from its existing investors. British Columbia Discovery Fund (VCC) Inc., Audiovox Canada and TELUS are making the second round investment as part of a larger $3 million series due to close on March 31, 2009.
Vancouver, Canada, November 21, 2008 -- Contec Innovations Inc. (TSXV: BUZ) ("Contec" or the "Company"), a mobile service provider, today announced its intention to conduct a non-brokered private placement offering to raise gross proceeds of up to C$1,600,000. Under the terms of the private placement, the Company will offer for sale up to 32,000,000 Units (the "Units") at C$0.05 per Unit.
VANCOUVER, BC – November 19, 2008 – Live Current Media Inc. (OTCBB:LIVC), a media company built around content and commerce destinations, announced today that it has accepted subscriptions in a non-brokered private placement to a limited group of institutional and accredited investors, and will be issuing 1.63 million Units at USD $0.65 per Unit for gross proceeds of USD $1.06 million. A second tranche for additional proceeds of up to $1 million is expected to close within the next 15 days.
Award-winning Telephony and IT services appliance vendor reaches milestones to unlock $2 million equity tranche and secures additional $2.5 million in debt financing
November 4, 2008, Vancouver, BC — Digital Payment Technologies Corp. (DPT), a leading supplier of advanced multi-space parking meters and revenue-management solutions for the global parking industry, is pleased to announce a $3,000,000 investment and conditional commitment for an additional $3,000,000 into the company by C.A. Bancorp Inc. (TSX: BKP) (“C.A. Bancorp”)
NxtGen Emission Controls Inc. announced today the closing of a $15.4 million USD Series B investment led by Altira Group LLC.
NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform for advanced emission and combustion technologies for multiple fuels, including diesel, biodiesel, natural gas and gasoline.
The announcement was made by Jeremy Holt, president and chief executive officer of NxtGen.
Ballard Power Systems Inc. (TSX: BLD)(NASDAQ: BLDP) today announced it has entered into an agreement with Superior Plus Income Fund (TSX: SPF.UN)(www.superiorplus.com) to reorganize the Company's business, which will result in non-dilutive financing with net cash proceeds of approximately C$41 million (US$34 million).
Vancouver-based Yaletown Will Continue Investing in Early-Stage Clean-tech & IT Companies in Western Canada and the Pacific Northwest
Early-stage venture capital firm Yaletown Venture Partners, an established Vancouver-based team investing in clean energy technology and information technology companies in Western Canada and the Pacific Northwest, today announced a $65 million initial closing on Yaletown Ventures II Limited Partnership.
VANCOUVER, Oct. 28 - Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) (the "Company") today announced that it has completed an initial closing of the financing announced on October 14, 2008 and amended on October 17, 2008, raising gross proceeds of $4.66 million. The closing involved a brokered and non-brokered private placement of 31,084,435 units at a price of $0.15 for each unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable for one common share at a price of $0.20 per share.