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Solarvest BioEnergy closes $100,000 in non-brokered private placement

| January 16, 2013

In Canada, Solarvest BioEnergy has closed a non-brokered private placement, pursuant to which an investor purchased from the Company 500,000 common shares at a price of $0.20 per share for gross proceeds of $100,000. This placement was entirely subscribed by a director and officer who is also a Control Person of the Company and the placement is exempt from shareholder approval accordance with MI 61-101. Proceeds from this private placement will be used as general working capital. The shares will be subject to resale restrictions for a period of four months from closing.

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Category: Ventures

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