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ARISE Technologies files amended Q2 financials
2007-10-05 13:26 ET - News Release
Mr. David Chornaby reports
ARISE FILES AMENDED JUNE 30, 2007 INTERIM CONSOLIDATED FINANCIAL STATEMENTS
ARISE Technologies Corp. has filed amended unaudited interim consolidated financial statements for the second quarter and six months ended June 30, 2007. The amendment to the statements follows the review of the statements by the company's external auditors in connection with the filing by the company of a short form prospectus.
The company's financial results as reported are not affected by the amendment. The amendment includes corrections of certain typographical errors and additional note disclosures relating to segmented information, changes in accounting policies relating to new reporting standards for financial instruments, and components of ARISE's cash and cash equivalents.
Complete copies of the company's amended unaudited interim consolidated financial statements for the second quarter and six months ended June 30, 2007, can be obtained from the company's website or on SEDAR.
We seek Safe Harbor.
ARISE completes $34.5-million bought-deal financing
2007-10-15 10:02 ET - News Release
Mr. Ian MacLellan reports
ARISE TECHNOLOGIES CORPORATION COMPLETES $34.5 MILLION BOUGHT DEAL COMMON SHARE OFFERING
ARISE Technologies Corp. has successfully completed its previously arranged bought-deal short form prospectus financing with a syndicate of underwriters led by Canaccord Adams and Clarus Securities Inc., and including CIBC World Markets Inc., D&D Securities Co., Dundee Securities Corp. and Loewen, Ondaatje, McCutcheon Ltd. Pursuant to the offering, the underwriters have purchased a total of 24,642,890 common shares at a price of $1.40 per common share for gross proceeds to ARISE of $34,500,046. The completion of the offering included the exercise, in full, by the underwriters of an overallotment option to purchase an additional 3,214,290 common shares.
The company intends to use the net proceeds from the offering to secure additional silicon wafers, to accelerate the company's proprietary PV-grade silicon production program, to provide additional working capital for the system's operation and for other general corporate purposes.
We seek Safe Harbor.
ARISE gets government handout for silicon pilot plant
2007-10-15 18:16 ET - News Release
Mr. Ian MacLellan reports
RISE TECHNOLOGIES CORPORATION ANNOUNCES SIGNING OF SILICON FEEDSTOCK PILOT PLANT AGREEMENT
ARISE Technologies Corp. has signed a contribution agreement with Sustainable Development Technology Canada (SDTC) for its silicon feedstock pilot plant project. SDTC is financing approximately one-third of eligible project costs up to a total of $6,439,037 payable upon successful completion of project milestones. ARISE has received an initial instalment of $587,189.50 in accordance with the terms of the agreement.
SDTC's contribution has been leveraged by a $13.2-million financing commitment from a consortium led by ARISE Technologies. The company is working with Ebner Gesellschaft MBH, the University of Toronto, the University of Waterloo, and Topsil Semiconductor Materials A/S to develop a new approach for refining high-purity solar-grade silicon.
"SDTC support for the project will allow ARISE to more rapidly scale up our proprietary silicon feedstock process to production," said Ian MacLellan, ARISE's president and chief executive officer. "This high-purity silicon is integral to our high-efficiency photovoltaic (PV) cell plans and high efficiency is what matters to our customers."
"The high cost of producing PV cells has been one of the major issues facing the PV solar industry," said Vicky J. Sharpe, president and chief executive officer of SDTC. "ARISE's new production technique aims to increase efficiency while also reducing costs. Should the ARISE project be successful, it will be an important step forward for the PV solar industry in Canada and around the world."
The goal of the silicon feedstock pilot plant project is to develop and demonstrate a new approach to refining high-purity solar-grade silicon feedstock for PV applications. A major constraint in the PV value chain has been the supply of silicon. The ARISE approach will use a new technique to produce silicon feedstock that can be fed into the ingot-making process that produces crystalline silicon ingots for solar cells. The silicon produced is currently expected to meet the specifications of high-efficiency solar PV cell manufacturers.
About SDTC
SDTC is an arm's-length foundation which has received $1.05-billion from the government of Canada as part of its commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550-million SD Tech Fund supports projects that address climate change, air quality, clean water and clean soil. The $500-million NextGen Biofuels Fund supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
We seek Safe Harbor.
ARISE gets first part of German funding to build plant
2007-10-17 10:11 ET - News Release
Mr. Ian MacLellan reports
ARISE TECHNOLOGIES CORPORATION ANNOUNCES RECEIPT OF INITIAL PAYMENT OF 2.0 MILLION EUROS FROM SAECHSISCHE AUFBAUBANK
ARISE Technologies Corp.'s wholly owned subsidiary, ARISE Technologies Deutschland GmbH, has received, from the Saechsische AufbauBank (SAB), the initial payment of two million euros of an incentive grant worth 12.4 million euros, previously declared by the company, and payable over the term of the company's high-efficiency photovoltaic cell manufacturing plant construction project. ARISE is also eligible to receive refundable federal tax credits in connection with its funding of the project in the amount of 12.15 million euros over the term of the project, resulting in total German government incentive funding of 24.55 million euros.
The German government incentive funding combined with the previously announced credit facilities with the Commerzbank AG and the previously announced equity investment by ARISE is being used to construct and equip the company's 50-million-euro plant in Bischofswerda, Germany.
About SAB
SAB is the central development agency of the Free State of Saxony, Germany. Acting on behalf of the state, SAB allocates and distributes development funding from a range of European Union, national and regional support programs to businesses, technology companies and investors, housing developers and homeowners, as well as other social groups in Saxony. Funding takes the form of grants, subsidies, loans and guarantees.
We seek Safe Harbor.
ARISE to issue 21.4 million shares in offering
2007-10-24 17:21 ET - Prospectus Approved
Effective Oct. 5, 2007, the company's prospectus dated Oct. 5, 2007, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia securities commissions, pursuant to the provisions of the Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Manitoba, Saskatchewan, Alberta and British Columbia securities acts.
Underwriters: Canaccord Capital Corporation, Clarus Securities Inc. CIBC World Markets Inc., D&D Securities Company, Dundee Securities Corporation and Loewen, Ondaatje, McCutcheon Limited.
Offering: 21,428,600 shares
Share price: $1.40 per share
Underwriters' fees: 6-per-cent cash commission
Greenshoe option: The underwriters have overallotted shares in connection with this offering and the company has granted to the underwriters 3,214,290 additional shares, equal to 15 per cent of the offering, for gross proceeds of $4,500,006.
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Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
41 | 12.138 | ARISE die canadische Solarperle ! | Triloner | brunneta | 24.04.21 23:15 | |
13 | Kommt Arise mir neue Namen ? | hammerbuy | hammerbuy | 28.09.12 07:40 | ||
4 | 171 | Arise Technologies die canadische Solarperle ! | Bulanz | halbfinne | 03.09.12 15:51 | |
37 | SK Can 0,295 | Septembersonne | tobytop | 04.11.10 13:58 | ||
31 | ARISE - Investment in Solarenergie ! | Lady Blue | Triloner | 22.12.09 11:33 |