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Thermal Energy completes $656,000 placement
2007-04-27 19:14 ET - News Release
Shares issued 80,625,752
TMG Close 2007-04-26 C$ 0.26
Mr. Stuart McCarthy reports
THERMAL ENERGY CLOSES NON-BROKERED PRIVATE PLACEMENT
Thermal Energy International Inc. has closed a non-brokered private placement comprising 4.1 million units at 16 cents per share with gross proceeds of $656,000.
The private placement was reserved with the TSX Venture Exchange on April 5, 2007, and was fully subscribed. There were a total of 30 participants in the private placement with no insiders taking part.
Thermal Energy arranges $1-million financing
2007-04-30 15:30 ET - News Release
Shares issued 80,625,752
TMG Close 2007-04-27 C$ 0.27
Mr. Tim Angus reports
THERMAL ENERGY ANNOUNCES $1 MILLION INSTITUTIONAL PRIVATE PLACEMENT - CONSORTIUM OF INVESTORS INCLUDES CANADIAN AND U.S. HEDGE FUNDS
Thermal Energy International Inc. plans to enter into an agreement with a syndicate of investment firms, including Whitebox Advisors LLC, an investment adviser registered with the U.S. Securities Exchange Commission with over $2-billion in assets, headquartered in Minneapolis, and a Toronto investment firm, for an institutional non-brokered private placement with gross proceeds of $1-million.
Under the terms of the agreement, the company proposes to issue 4,166,667 units comprising one common share of company stock at a price of 24 cents and one warrant to purchase a common share of company stock at a deemed price of 40 cents for a period of up to two years.
Thermal Energy 4.1-million-share private placement
Thermal Energy to increase financing to $1.3-million
2007-05-25 12:27 ET - News Release
Shares issued 85,975,752
TMG Close 2007-05-24 C$ 0.345
Mr. Stuart McCarthy reports
THERMAL ENERGY INCREASES INSTITUTIONAL PRIVATE PLACEMENT TO $1.3M
Thermal Energy International Inc. has received notice that Whitebox Advisors LLC in its previously announced institutional financing has exercised its option to increase the total gross proceeds from the private placement to $1,312,500.
The company has issued an additional 1.25 million units, each comprising one common share of Thermal Energy stock at a deemed price of 25 cents per share and one warrant to purchase an additional share at an exercise price of 40 cents per share for a period of up to two years.
Under the terms of the agreement announced April 30, 2007, Whitebox received an option to increase the size of the placement by up to 30 per cent at a 10-per-cent discount to the 20-day average closing market price, for up to 60 days from the date of closing. Additional proceeds from exercising the options will be used for the corporate, sales and marketing, and research and development activities.
2007-05-30 16:54 ET - Private Placement
Shares issued 85,975,752
TMG Close 2007-05-29 C$ 0.34
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 27, 2007.
Number of shares: 4.1 million common shares
Purchase price: 16 cents per share
Hidden placees: 30
There is no insider or pro group participation.