Stock offer negotiated with Centurion Private Equity at 4% discount
By Devika Patel
Knoxville, Tenn., March 29 - Clean Power Concepts Inc. said it negotiated an equity purchase agreement with Centurion Private Equity, LLC for up to C$15 million.
The shares will be sold at a 4% discount to the market price.
The Regina, Sask., company offers a range of products manufactured by crushing fuel-grade oilseed, including biofuel.
| Issuer: | Clean Power Concepts Inc.
|
| Issue: | Equity funding facility
|
| Amount: | C$15 million
|
| Price: | 4% discount
|
| Warrants: | No
|
| Investor: | Centurion Private Equity, LLC
|
| Settlement date: | March 29
|
| Stock symbol: | Pink Sheets: CPOW
|
| Stock price: | $0.125 at close March 29
|
| Market capitalization: | $30.01 million
|
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