APV Announces Closing of Drawdown

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APV Announces Closing of Drawdown

posted on May 05, 2011 10:28AM

ARISE Announces Closing of Drawdown from Committed Equity Facility of $300,000

Press Release Source: ARISE Technologies Corporation On Thursday May 5, 2011, 9:38 am

WATERLOO, ON, May 5 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that the Company completed the twelfth drawdown in the amount of $300,000 from its previously announced Committed Equity Facility Agreement with Haverstock Master Fund ("Haverstock").

Under the terms of the Agreement, to complete the $300,000 drawdown, ARISE issued 2,629,273 common shares to Haverstock at an average price of $0.114 per share.

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