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.
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, Oct. 28 - Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that its U.S. subsidiary, Lignol Innovations Inc., has signed a US$30 million Cooperative Agreement (the "Agreement") with the U.S. Department of Energy ("DOE"). The Agreement formalizes the DOE's previously announced financial assistance award to Lignol of up to US$30 million relating to the construction of a commercial demonstration cellulosic ethanol plant in Colorado.
August 21, 2008 – Azure Dynamics Corporation (TSX: AZD & LSE: ADC) (“Azure” or the “Company”), a leading developer of hybrid electric and electric powertrains for commercial vehicles, is pleased to announce a private placement offering of up to 100,000,000 common shares at a price of CDN$0.25 per common share (the “Issue Price”) for gross proceeds of
up to CDN$25,000,000 (the “Offering”).
Vancouver- Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) today announced that it has entered into an agreement with CR Intrinsic Investments, LLC, an investment fund managed by CR Intrinsic Investors, LLC, an affiliate of S.A.C. Capital Advisors, LLC to purchase Series A convertible preferred shares for gross proceeds of US$25 million. Proceeds of the financing will be used for general corporate purposes, costs associated with the ongoing strategic process and continued development of Cardiome’s clinical programs.
Vancouver, British Columbia – February 27, 2008 – Intrinsyc Software International, Inc. (TSX:ICS) (the “Company”) today announced that it has closed its previously announced bought deal offering of 28,600,000 new common shares at an offering price of CDN$1.05 per share for gross proceeds of CDN$30,030,000. The syndicate of underwriters was co-led by GMP Securities L.P. and Canaccord Capital Corporation, and included Haywood Securities Inc. and Raymond James Ltd.
VANCOUVER, Jan. 29 - Lignol Energy Corporation (TSX-V: LEC) today announced that its U.S. subsidiary, Lignol Innovations Inc., has been awarded up to US$30 million in funding from the U.S. Department of Energy ("DOE") to build a commercial demonstration cellulosic ethanol plant. The DOE has approved a funding application submitted by Lignol Innovations for a proposed plant which is planned to be operated by Suncor Energy (U.S.A.) Inc. ("Suncor") which owns and operates a major refinery in Commerce City, Colorado.
Railpower Technologies Corp. (TSX: P) (the “Corporation”) is pleased to announce that it has closed its previously announced $35 Million private placement with OTPP. The private placement consistsof the issuance of a convertible debenture which has a maturity date of five years from itsdate of issuance and has an interest rate of 5% per annum, payable semi-annually in either cash or common shares, at the discretion of Railpower.
December 18, 2007 – Railpower Technologies Corp. (TSX: P) today announced that its shareholders voted in favour of an investment of $35 million by the Ontario Teachers’ Pension Plan (OTPP), one of Canada’s most prominent and well respected institutional investors. Shareholders approved all required resolutions by a show of hands at a special meeting held earlier today in Montreal with proxies received voting in excess of 97.5 per cent in favour of these resolutions. There are remaining conditions to be satisfied before the transaction closes.
Vancouver, BC, June 13, 2007--(T-Net)--The federal government has announced it will spend $29 million over the next two years to renew a program aimed at helping the development of Canadian digital media products. Canadian Heritage Minister Bev Oda made the announcement on Sunday at a digital media conference in Banff, Alta. She said the Canada New Media Fund will continue to support the creation of Canadian digital interactive content in both official languages.