Etrion Provides Update on Shares Outstanding
GENEVA, SWITZERLAND -- (Marketwired) -- 01/31/14 -- Etrion
Corporation ("Etrion" or the "Company") (TSX: ETX)(OMX: ETX), a solar
independent power producer, announces an update to the Company's
total shares outstanding following the recent share issuance.
Etrion announced on January 29, 2014, the closing of a private
placement to raise gross proceeds of approximately USD 80 million
through the issuance of 124,633,571 common shares. Following the
share issuance, the Company has 333,852,657 total shares outstanding.
Etrion Corporation is an independent power producer (IPP) that
builds, owns and operates utility-scale solar power generation
plants. Etrion owns 17 solar power plants in Italy with approximately
60 MW of installed capacity. The Italian operations generate more
than USD 40 million of annual earnings before interest, taxes,
depreciation and amortization (EBITDA). Etrion is also developing
greenfield solar power projects in Chile and Japan. The Company is
listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX
Stockholm exchange in Sweden under ticker symbol "ETX". Etrion's
largest shareholder is the Lundin family, which owns approximately 24
percent of the Company's shares directly and through various trusts.
For additional information, please visit the Company's website at
Etrion discloses the information provided herein pursuant to the
Swedish Securities Market Act. The information was submitted for
publication at 15:45 CET on January 31, 2014.
+41 (22) 715 20 90
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