US Entech Solar gets USD 634,000 from rights issue
(ADPnews) - Sep 23, 2010 - Texas-based low-cost solar systems manufacturer Entech Solar (OTC:ENSL) announced yesterday it had sold around 7.9 million common shares in a rights offering for approximately USD 634,000 (EUR 474,000).
On August 4, 2010, the firm offered existing shareholders to buy 37.5 million shares for USD 0.08 a piece. The rights offering expired on September 20, 2010.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.