By Devika Patel
Knoxville, Tenn., Jan. 31 - Vista International Technologies, Inc. said it will sell $2 million of stock to its majority shareholder, Vista International Inc.
The company will sell Vista 20 million restricted common shares at $0.10 per share.
Englewood, Colo.-based Vista International Technologies develops environmentally safe energy infrastructures that produce electricity, heat and steam using its own technology, the Thermal Gasifier, which converts waste, biomass, tires and other solid carbon-based materials into electricity and thermal energy, while capturing the pollutants.
| Issuer: | Vista International Technologies, Inc.
|
| Issue: | Restricted common shares
|
| Amount: | $2 million
|
| Shares: | 20 million
|
| Price: | $0.10
|
| Warrants: | No
|
| Investor: | Vista International Inc.
|
| Pricing date: | Jan. 31
|
| Stock symbol: | OTCBB: VVIT
|
| Stock price: | $0.09 at close Jan. 30
|
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