The chairman of the board of directors of HLT Energies, a producer, operator and distributor of wind and solar power, has announced the resignation of Kurt Portmann. He is a founding shareholder of HLT Energies and will continue to support the activities of the business.
HLT Energies has also announced the closing of its previously announced private placement, subject to approval of the TSX Venture Exchange. The private placement consists of 1 million units at a price of $0.15 per unit for gross proceeds to HLT Energies of $150,000.
Each unit consists of one common share of HLT Energies and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one common share at an exercise price of $0.15 for a period of two years. The common shares and the common-share purchase warrants comprising the units are subject to a four-month hold period expiring on July 8.