Re: 3rd tranche of financing is completed - warrant exercisable at 1,05CAD
posted on
Feb 07, 2015 08:52AM
(Edit this message through the "fast facts" section)
Looking at the situation it appears to me that the capital they were raising was for short term for general purposes and probably to cover the added expenses of all the travel and other costs involved in getting this deal done. After the deal is done they will have the new plant assets and the 30 M deal to help them raise the capital for the new plant conversion and money required going forward. The German government is very supportive of a battery plant in germany and renewable energy in general. They just didn't have the capacity here to take on any big deals, we will have to see if this is the game changer that we are all hoping for.