New Issue: VRB Power prices C$10.2 million private placement of stock

By Sheri Kasprzak

New York, July 5 - VRB Power Systems Inc. said it has arranged a private placement for C$10,200,240.

The offering includes 14,167,000 shares at C$0.72 each.

The deal is expected to close July 12 and is being placed through a syndicate of underwriters led by Sprott Securities Inc. and including Loewen, Ondaatje, McCutcheon Ltd. and Fraser Mackenzie Ltd.

Based in Vancouver, B.C., VRB is an electrochemical energy storage company.

Issuer:	VRB Power Systems Inc.
Issue:	Stock
Amount:	C$10,200,240
Shares:	14,167,000
Price:	C$0.72
Pricing date:	July 4
Settlement date:	July 12
Stock price:	C$0.90 at close July 4

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