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Gold/Mining/Energy : Ascent Solar Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (18)	3/27/2008 10:09:37 AM
From: $Mogul	Read Replies (1) \| Respond to of 23

[ASTI] Ascent Solar Technologies Norsk Hydro raises stake to 35% - announced today that Norsk Hydro ASA, through its subsidiary Norsk Hydro Produksjon AS, has exercised an option to purchase an additional 2,341,897 shares of Ascent Solar common stock and 1, 689,905 Class B warrants. The option was granted to Hydro and approved by Ascent Solar's shareholders in June 2007. Gross proceeds to the company from the follow on investment will be approximately $28.4 million, and reflect per share and per warrant purchase prices equal to the average of the closing bids of each security, as reported by Nasdaq, for the five consecutive trading days preceding exercise. Ascent Solar expects the transaction to close by March 31, 2008. Upon acquiring these additional securities, Hydro will hold approximately 35% of the total outstanding common shares and approximately 35% of the total outstanding Class B warrants of Ascent