(ADPnews) - Nov 5, 2010 - Australian clean energy company Wasabi Energy Ltd (ASX:WAS) said today it raised GBP 4.9 million (USD 7.9m/EUR 5.6m) from a placement to British institutional investors.
Wasabi will start trading on the London Stock Exchange on December 3, 2010, when the company will issue 445.5 million fully-paid new shares at GBP 0.011 each.
Wasabi invests in green energy companies and projects. It plans to focus on investments in the power technology and water conservation areas.
(GBP 1.0 = USD 1.623/EUR 1.143)
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