07:00 Thu 19 Jan 2017
POWERHOUSE ENERGY GROUP PLC - Agreement to Issue of Equity
(“PowerHouse” or the “Company”)
Agreement to Issue of Equity
PowerHouse is pleased to announce that it has entered into an agreement to raise gross proceeds of £250,000 via a placing of 35,714,285 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at a price of 0.7p per share (“Placing”). The new Ordinary Shares will be placed with .
The Company will announce the completion of the Placing and the date of Admission for the new Ordinary Shares in due course.
, Executive Chairman of PowerHouse said: “We welcome Yady Worldwide as a significant investor in PowerHouse. Yady Worldwide’s commitment to the burgeoning Hydrogen Economy, as well as waste-to-energy sector, is underscored by its investments in both and AFC Energy PLC. We look forward to having them on board to assist with our commercial roll-out and growth.”
For more information, contact:
About PowerHouse
PowerHouse is the holding company of the G3-UHt System Ultra High Gasification waste to energy systems.
The Company is focussed on technologies to enable energy recovery from municipal waste streams that would otherwise be directed to landfills and incinerators; or from renewable and alternative fuels such as biomass, tyres, and plastics to create syngas for power generation, high-quality hydrogen, or potentially reformed into liquid fuels for transportation. These waste to energy systems aim to provide the “best solution” to the on-site energy market.
PowerHouse is quoted on the AIM Market. The Company is incorporated in the .
For more information seewww.powerhouseenenergy.net
Tel: +44 (0) 203 368 6399 , Executive Chairman (Nominated Adviser) Tel: +44 (0) 207 220 1666 / (Broker) Tel: +44 (0) 203 651 2910 IFC Advisory (Financial PR & IR) Tel: +44 (0) 203 053 8671 / / /PowerHouse Energy Group plc WH Ireland Limited Vicarage Capital Limited Keith Allaun James Joyce James Bavister Jeremy Woodgate Tim Metcalfe Graham Herring Heather Armstrong Miles Nolan
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