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HES Hlt Energies (Tier2)

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Share Name Share Symbol Market Type
Hlt Energies (Tier2) TSXV:HES TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

HLT Energies Inc. Announces the Closing of a Private Placement

13/06/2008 9:45pm

Marketwired Canada


HLT Energies Inc. ("HLT Energies")(TSX VENTURE:HES) is pleased to announce the
completion, of its previously announced private placement.


The private placement consists of a $225,000 secured convertible debenture (the
"Debenture"), maturing on June 9th, 2013 (the "Maturity Date") and bearing
interest at an annual rate of 6%.  The Debenture is secured by a universal
hypothec against the assets of HLT Energies. The Debenture is held jointly by
two arm's length private investors, in proportion to their contributions and
does not constitute a "related party" transaction within the meaning of
Regulation 61-101 respecting protection of minority security holders in special
transactions.


The principal amount of the Debenture is convertible into units of HLT Energies
(the "Units") as follows: (i) at a conversion price of $0.165 per Unit during
the period commencing on January 9th, 2010, until June 9th, 2010, inclusively
(the "First Term"); (ii) at a conversion price of $0.19 per Unit during the
period commencing on June 10th, 2010, until June 9th, 2011, inclusively (the
"Second Term"); (iii) at a conversion price of $0.20 per Unit during the period
commencing the June 10th, 2011, from the date of issuance until June 9th, 2012,
inclusively (the "Third Term"); and (iv) at a conversion price of $0.22 per Unit
during the period commencing June 10th,2012, until June 9th, 2013, inclusively
(the "Fourth Term").


Each Unit will consist of one common share in the share capital of HLT Energies
(the "Common Share") and one Common Share purchase warrant (the "Warrant"). Each
Warrant will entitle the holder thereof to acquire a Common Share at an exercise
price of $0.165, $0.19, $0.20 or $0.22 depending on whether the Warrant is
exercised during the First Term, the Second Term, the Third Term or the Fourth
Term, respectively at any time from the date of issuance of the Warrant up until
the earlier of (i) two years from the date of conversion of the Debenture or
(ii) the Maturity Date of the Debenture.


Finally, in the event HLT Energies elects to repay the Debenture prior to the
First Term, the holders of the Debenture will have the option to convert the
principal amount of the Debenture into Units at a conversion price of $0.165 per
Unit. The Warrants and the Common Shares will be subject to a four (4) month
hold period of the conversion takes place before at any time prior to the First
Term. The exercise price of the Warrants obtained upon conversion of the
principal amount of the Debenture will be $0.165.


About HLT Energies

HLT Energies is a producer, operator and distributor of renewable energy and
renewable energy systems (wind, solar thermal and photovoltaic) in accordance
with the principles of sustainable development. HLT Energies installs, operates,
maintains and sells systems of renewable energy to industrial, commercial and
institutional clients and also sells residential systems.


HLT has acquired an expertise in solar photovoltaic energy, as well as an
expertise in the management of various sources of renewable energies, through
its investment in EkoWatt s.a. and its acquisition of the F.I.M.E.S.
intellectual property.


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