January 31, 2014, Geneva, Switzerland – Etrion Corporation (“Etrion” or the
“Company”) (TSX: ETX / OMX: ETX), a solar independent power producer, announces
an update to the Company’s total shares outstanding following the recent share
Etrion announced on January 29, 2014, the closing of a private placement to
raise gross proceeds of approximately USD 80 million through the issuance of
124,633,571 common shares. Following the share issuance, the Company has
333,852,657 total shares outstanding.
Etrion Corporation is an independent power producer (IPP) that builds, owns and
operates utility-scale solar power generation plants. Etrion owns 17 solar power
plants in Italy with approximately 60 MW of installed capacity. The Italian
operations generate more than USD 40 million of annual earnings before interest,
taxes, depreciation and amortization (EBITDA). Etrion is also developing
greenfield solar power projects in Chile and Japan. The Company is listed on the
Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden
under ticker symbol “ETX”. Etrion’s largest shareholder is the Lundin family,
which owns approximately 24 percent of the Company’s shares directly and through
For additional information, please visit the Company’s website at www.etrion.com
Pamela Chouamier – Investor Relations
Telephone: +41 (22) 715 20 90
Etrion discloses the information provided herein pursuant to the Swedish
Securities Market Act. The information was submitted for publication at 15:45
CET on January 31, 2014.
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454