By Marisa Wong
Milwaukee, Nov. 5 - World Energy Solutions, Inc. announced it will raise $1 million through a private placement of stock.
World Energy plans to sell its common stock at $2.97 per share.
There is an option to purchase an additional $1.5 million of stock through Dec. 31.
Bond Capital, Ltd. is the agent.
Proceeds will be used for general corporate purposes.
World Energy, based in Worcester, Mass., operates online exchanges for energy and green commodities.
| Issuer: | World Energy Solutions, Inc.
|
| Issue: | Common shares
|
| Amount: | $1 million
|
| Price: | $2.97
|
| Greenshoe: | $1.5 million
|
| Pricing date: | Nov. 5
|
| Agent: | Bond Capital, Ltd.
|
| Stock symbol: | Nasdaq: XWES
|
| Stock price: | $3.49 at close Nov. 5
|
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