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Cleanfield Alternative Energy Inc. (TSXV:AIR), which is working on solar and wind energy construction projects in Ontario, announced Wednesday it plans to issue additional shares in order to pay off debt. It plans to build generating stations under the Ontario Power Authority’s Feed-in Tariff program, which guarantees fixed rates for wind, solar, biomass and hydroelectric power generation.
Cleanfield Alternative Energy Inc. (TSXV:AIR), which is working on solar and wind energy construction projects in Ontario, announced Wednesday it plans to issue additional shares in order to pay off debt.
Earlier this month, Toronto-based Cleanfield said it is looking to lease flat rooftop space from commercial, institutional and industrial building owners so it can install solar panels and generate electrical power.
On Wednesday, Cleanfield announced that, subject to TSX Venture Exchange approval, the firm will issue 1,094,222 common shares at eight cents per share. Upon approval from the stock exchange, the shares would be issued and subject to a four-month Exchange hold period.
Cleanfield's products include solar photovoltaic inverters, solar panel mounting and tracking systems and vertical axis wind turbines.
It plans to build generating stations under the Ontario Power Authority's Feed-in Tariff program, which guarantees fixed rates for wind, solar, biomass and hydroelectric power generation.
DCN DIGITAL MEDIA
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