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 to Issue 50,000, $10, 8% Convertible First Preferred Shares to Increase Working Capital Reserves

02/04/2013 8:55pm

Marketwired Canada

Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") announced today that it will issue 50,000 Units consisting of One
(1) $10, 8% 5 year Convertible First Preferred Share, Series 15 ("Preferred
Shares") and 12, 1-year common share purchase warrants ("Warrants") to a private
investor. The Preferred Shares are convertible at the option of the holder into
common shares of the Company at a price of $0.12 per share. The Warrants entitle
the holder thereof to acquire one common share at a price of $0.12 per share. 

The net proceeds of the issue will be used to increase working capital reserves
for operations. 

Closing of the issue is subject to approval by the TSX Venture Exchange, the
approval of Doughty Hanson Technology Ventures and the prior conversion by
Doughty Hanson Technology Ventures of a $500,000 Convertible Debenture (News
Releases: March 25, 2013; and March 15, 2013) into 50,000 $10, 8% 5 year
Convertible First Preferred Shares, Series 14 convertible into common shares of
the Company at $0.105 per share. 

Upon completion of the transactions, the Company will have 20,915,581 common
shares and 1,126,587 First Preferred Shares, convertible into 17,106,649 common
shares, issued and outstanding.

About Sustainable Energy: 

Sustainable Energy (www.SustainableEnergy.com) designs and manufactures
intelligent power inverters for a wide arrange of distributed generation and
storage technologies. The inverters incorporate patented breakthrough
technologies which enable the highest efficiency conversion of low voltage
direct current inputs in the industry. 

The Company's high efficiency battery inverter enables a direct bi-directional
connection of the battery to the power grid and the load to deliver the highest
round trip conversion efficiencies in the industry with a simple highly reliable
and low cost system topology for grid interactive and off grid solar battery

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, it includes:
statements concerning proposed financings, the market for energy storage in
Europe and elsewehere; and statements concerning its expectations of unit sales
over the next 30 months and While management believes these statements to be
accurate they are dependent on a wide range of factors beyond management's
control and should not be viewed as a guarantee of the specific outcome.
Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties. 

Many factors could cause the Companies' 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 Companies do 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. 

Sustainable Energy Technologies Ltd.
Michael Carten
Chief Executive Officer
403.508.7177 #111

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