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Share Name Share Symbol Market Type
Stone Gold Inc TSXV:STG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025 -21.74% 0.09 0.08 0.105 0.09 0.09 0.09 30,177 15:58:27

Sustainable Energy Announces Extension of $1.5M Standby Equity Commitment by Doughty Hanson Technology Ventures

20/05/2013 10:08pm

Marketwired Canada


Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") announced that Doughty Hanson Technology Ventures ("Doughty
Hanson") will extend its $1.5 million standby equity commitment to the Company
to May 1, 2014. The standby equity commitment is provided as additional security
for the Company's operating line with a Canadian Chartered Bank.


Sustainable Energy announced last week a long term multi-megawatt contract to
supply smart grid energy storage inverters for Europe's leading manufacturer of
solar energy storage systems (See News Release May 16, 2013). Working capital
for the production ramp is being self-financed under the supply contract, and
the operating line will provide additional working capital as needed for
operations. 


As consideration for the extension, the Company will issue common share purchase
warrants in respect of 3,529,411 million shares to Doughty Hanson. The warrants
are exercisable for a period of one year at $0.17 per share. 


The extension is subject to approval by the TSX Venture Exchange. 

Forward Looking Information

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we include:
statements concerning the availability of working capital to finance the
production ramp of energy storage inverters. Forward-looking information is not
a guarantee of future action or performance and involves a number of risks and
uncertainties. Many factors could cause the Company's actual results,
performance or achievements, or future events or developments, to differ
materially from those expressed or implied by the forward-looking information.
Readers are cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date hereof. The Company does not
undertake any obligation to release publicly any revisions to forward-looking
information contained herein to reflect events or circumstances that occur after
the date hereof or to reflect the occurrence of unanticipated events, except as
may be required under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sustainable Energy Technologies Ltd.
Michael Carten
Chairman & CEO
(403) 508-7177 #111
Michael.carten@sustainableenergy.com

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