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Announces Private Placement Closing
May 11, 2009 02:48PM
May 11, 2009
HTC Purenergy Inc. (dba "HTC Purenergy") Announces Private Placement Closing
REGINA, SASKATCHEWAN--(Marketwire - May 11, 2009) -
NOT FOR DISSEMINATION IN THE UNITED STATES
HTC Purenergy (TSX VENTURE:HTC) today announced that it has completed the previously announced private placement, issuing 43,744 common voting shares at a price of $2.75 per share, for the gross proceeds of $120,296.00. The securities issued are subject to a hold period under applicable securities law until September 9, 2009.
Proceeds from this United States based investor financing will be utilized for the continued commercialization of HTC's "Purenergy CCS" pre-engineered, modular CO2 Capture System.
About HTC Purenergy
HTC is an energy technology company that commercializes carbon dioxide capture and storage technologies for Enhanced Oil Recovery and geological sequestration. The Corporation's mandate is to deliver Carbon Clear Solutions in order to solve the pending challenges of energy security and the impact of greenhouse gas emissions. For more information visit www.htcenergy.com.
HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC.