September 16, 2013 09:26 ET
Orbite Updates Status of Offering
MONTREAL, QUEBEC--(Marketwired - Sept. 16, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Corporation"), wishes to update the market on its ongoing financing initiatives. Orbite management reconfirms that it is actively focused on completing an equity offering within the coming weeks. The financing initiative has progressed positively since the last update of August 14, 2013.
"As reported on August 14, our primary objective continues to be the completion of the construction and optimization of our HPA production facility. We are working on a number of financing alternatives and remain confident about completing an equity financing that will raise at least a significant portion of the funds required," said Glenn Kelly, Orbite's Chief Operating Officer.
This release does not constitute an offer for sale of securities nor a solicitation for offers to buy any securities. The securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.