ADVANCED BATTERY TECHNOLOGIES, INC – Offers more stock
Advanced Battery Technologies Inc. (NasdaqCM: ABAT) is trading down 4.48% following the Company’s August 11, 2008 announcement that it has granted to the institutional investors that funded its $12 million private placement on August 8, 2008 warrants to purchase identical securities for an additional $12 million. Each of the investors will be entitled to purchase shares and warrants equal in number to its original investment at the same purchase price of $4.25 per unit (i.e. one share and one warrant) through 6:00 P.M. on August 15, 2008. The five-year warrants to be issued upon exercise of this short-term unit purchase warrant will be identical to those issued on August 8, 2008, except that their exercise price will be the greater of $5.51 per share or the closing bid price of ABAT common stock on the Nasdaq Capital Market on the business day immediately prior to exercise. To read the entire story, click here:
CAMECO CORPORATION
Cameco Corporation (NYSE: CCJ ) is trading down 2.36% following the Company’s August 11, 2008 announcement that it has completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco will operate the project and is funding its share of the purchase price through existing credit facilities. To read the entire story, click here:
RASER TECHNOLOGIES – Adds 20,000 acres to geothermal leasholds
Raser Technologies, Inc. (NYSE Arca: RZ) is trading up 3.84% following the Company’s August 11, 2008 announcement that it has signed three new lease agreements covering more than 20,000 acres of geothermal, surface and other rights near its existing Thermo resource in Beaver County, Utah. The signing of these three leases increases Raser’s total holdings in the Thermo area to over 50,000 acres. Raser recently released the results of a report prepared by the prominent geothermal consulting firm, GeothermEx Inc., which concluded that the Thermo resource could potentially sustain over 200 megawatts (MW) of clean renewable baseload energy. These additional holdings in that area provide added resources for Raser’s potential future development.
The specific terms of leases were not disclosed but under the lease agreements, Raser has rights to the geothermal resources and certain surface rights for the construction of geothermal wells, piping, power plants and transmission lines. To read the entire story, click here:
CAPLINE CORPORATION – Names new CEO
Calpine Corporation (NYSE:CPN ) is trading up 4.19% following the Company’s August 11, 2008 announcement that that the Board of Directors has appointed Jack A. Fusco as President and Chief Executive Officer, effective August 10, 2008. Mr. Fusco will also serve as a member of Calpine’s Board of Directors. Mr. Fusco succeeds Robert P. May, who had served as Calpine’s Chief Executive Offer since December 2005 and earlier this year announced his intention to retire when his successor was in place. To read the entire article, click here:
WELWIND ENERGY INTERNATIONAL – Inks Deal with Peace River Land Owners for Wind Farm
Welwind Energy International Corp. (OTC BB:WWEI) is trading down 9.09% following the Company’s August 11, 2008 announcement that it has visited the site near Dawson Creek British Columbia and met with the landowners of the 4680 acre Peace Region project. The majority of the project will be situated on private cultivated land. Currently the properties are being used primarily for hay farming and cattle ranching. Welwind Director, Shannon de Delley reports that the company intends to install 2 to 4 meteorological towers on the property this fall. To read the entire story, click here:
COMPOSITE TECHNOLOGY CORPORATION – Receives Key LAPEM Certification
Composite Technology Corporation (OTCBB:CPTC) is trading up 1.64% following the Company’s August 11, 2008 announcement that its subsidiary CTC Cable has received certification from Laboratorio de Pruebas de Equipos y Materiales (LAPEM) for both CTC Cable and for its ACCC conductor products. LAPEM is the certifying agency for Comision Federal de Electricidad (CFE) the electrical transmission grid owner and electricity provider for nearly all of Mexico. No product may be deployed on the CFE grid without LAPEM’s certification. To read the entire story, click here:
