To: kamtrader who wrote (4955 ) 10/5/1999 7:23:00 PM From: AriKirA Respond to of 77509
Hey kam, Dans mon post 4862, je parlais d'un feeling mais certainement pas de ce feeling. Ce n'est pas le communiqué que j'esperais... Il y a toujours la semaine prochaine avec PGD [ggg] Global Thermoelectric Announces Extension of Closing of Special Warrants Financing CALGARY, Oct. 5 /CNW/ - Global Thermoelectric Inc. (TSE: GLE) announced today that upon the recommendation of Sprott Securities Limited, the closing of its previously announced Special Warrants equity issue of up to $25,000,000 has been extended to October 19, 1999. The net proceeds of the offering will be used primarily in Global's solid oxide fuel cells program as well as for general corporate purposes and will include a facility and equipment for a pilot scale plant to manufacture fuel cell stacks and systems. The plant, planned for a location in Calgary, is expected to begin low volume production in the fall of the year 2000. Global Thermoelectric Inc. has become a world leader in the development of solid oxide fuel cell power systems that can operate on hydrocarbon fuels and which are intended for oil & gas, telecommunications, automotive and home power applications. The Calgary-based company is also the world's largest supplier of thermoelectric power generation equipment for use in remote locations, and produces crew compartment heaters for use in tracked military vehicles for the U.S. military and NATO countries. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The Special Warrants offered and the common shares issuable upon exercise thereof will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. person, absent registration, or an applicable exemption from the registration requirements of such Act.