By Region,Finance,By Region,North America - April 01, 2009
Polaris Geothermal secures US$ 4.8 million from Teevil Holdings
written by: lxrichter
Polaris Geothermal secures US$ 4.8 million in a placement of shares by Treevil Holdings an affiliate of Skyberry.
Announced late last week, Treevil Holdings Ltd., an affiliate of Skyberry, said Friday it entered into an agreement with Polaris Geothermal Inc. (TSX:GEO) to acquire approximately US$4.8 million of units of Polaris, at a price of C$0.45 per unit.
Each Unit will consist of one voting, convertible, redeemable preferred share of a class to be created and one Class A common share purchase warrant.
Source: RTT News
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