Fidelis Energy bags USD-12m in funds, to seek OTCQX listing
Dec 22, 2011 - US solar project developer Fidelis Energy Inc (PINK:FDEI) said Thursday it had concluded a USD-12-million (EUR 9m) debt financing with Empres Voss Capital and unveiled plans to list on the OTCQX.
The funds from Empres Voss represent the final tranche of a USD-30-million transaction. The amount, together with proceeds from other activities, are to allow the company to meet its expansion and development goals in 2012, it said.
Fidelis also said it intended to list on the OTCQX, the top tier of the OTC market. According to the company's estimates, it could meet the listing requirements in the first quarter of 2012, as a result of the significant increase in its revenues and scope of operations in the past several years.