Hybrid Power Solutions closes CDN$617,500 private placement at CDN$0.05 per unit
Hybrid Power Solutions closed a non-brokered private placement, issuing 12,350,000 units at CDN$ 0.05 for gross proceeds of CDN$ 617,500. Each unit includes one common share, one warrant exercisable at CDN$ 0.06 for 24 months. Net proceeds earmarked to repay outstanding convertible debenture indebtedness, fund working