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BRIEF-Hydrogenics announces US$21 mln private placement
April 28, 2017 / 10:53 AM / 7 months ago

BRIEF-Hydrogenics announces US$21 mln private placement

April 28 (Reuters) - Hydrogenics Corp:

* Hydrogenics announces US$21 million private placement

* Hydrogenics Corp - entered into a subscription agreement with Fuzhou bonded zone Hejili equity investment limited partnership

* Hydrogenics Corp- following completion of private placement, Hejili’s interest in hydrogenics will be approximately 17.6%

* Hydrogenics - co to issue 2.7 million common shares of Hydrogenics to Hejili on private placement basis, for gross proceeds to hydrogenics of us$21 million

* Hydrogenics - agreement provides, among other things, that Hejili to have pre-emptive rights, right to nominate one director to board of hydrogenics

* Hydrogenics - agreement also provides that Hejili to cooperate with co to jointly develop Chinese market for hydrogen, energy storage, fuel cell products Source text for Eikon: Further company coverage:

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