Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (23487)	12/30/2016 7:48:30 PM
From: Goose94	Read Replies (1) \| Respond to of 203019

GreenPower Motor Company (GPV-V) Announces Proceeds of $2.1 Million from Exercise of Warrants and Options since October 1, 2016 Dec 19, '16 - NR GreenPower Motor Company announces that since October 1, 2016, the Company has received proceeds of over $2.1 Million (including $1 Million from the Directors and Employees of GreenPower) as a result of the exercise of 4,523,318 previously issued common share purchase warrants and stock options. The Company intends to use the proceeds for the production of all-electric buses and general working capital purposes. The warrants were issued in connection with the Company's private placement of debentures and share units in December 2015. Since October 1, 2016 a total of 3,928,318 warrants were exercised at a price of $0.50 per share. "This infusion of capital shows the confidence that our directors, employees and shareholders have in the direction of GreenPower. It's important to note that the term of the warrants was three years to December 2018 and yet the majority were exercised within the first year," said Fraser Atkinson, Chairman of GreenPower. "The proceeds will help the Company to take advantage of opportunities across a number of market sectors." *About GreenPower Motor Company Inc.* GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body. GreenPower's bus is based on a flexible clean sheet design and utilizes a custom battery management system and a proprietary Flex Power system for the drive motors. GreenPower integrates global suppliers for key components such as Siemens for the two drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com *For further information contact:* Fraser Atkinson Chairman (604) 220-8048