Deals this week: Kontrol Energy, Empresa Provincial de Energia de Cordoba, UQM Technologies
Kontrol Energy plans to raise up to C$0.6m ($0.48m) through a non-brokered private placement of approximately one million units.
To be priced at C$0.6 ($0.48), each unit will comprise one common share and one purchase warrant, which is exercisable to acquire one share at C$0.8 ($0.64) within one year.
The securities issued under the offering will have a holding period of four months and one day.
Proceeds raised from the offering are intended to be used for acquisition deposits and general working capital purposes.
Kontrol Energy is engaged in providing energy efficiency solutions and technology.
Empresa Provincial de Energia de Cordoba (EPEC) has raised $100m in a public offering of 7% notes due 2022.
The company has engaged Banco de la Provincia de Cordoba and Balanz Capital Valores as its lead managers, as well as Deutsche Bank as trust agent.
Tavarone, Rovelli, Salim & Miani, and Tanoira Cassagne were legal advisors for the offering.
UQM Technologies has reached an agreement with Sinotruk (BVI) to raise $5.1m in a private placement of 5,368,421 shares.
BVI is a wholly-owned subsidiary of China National Heavy Duty Truck Group (CNHTC).
Offered at a price of $0.95 a share, the issued shares represent a 9.9% ownership interest of common shares issued and outstanding shares of UQM.
CNHTC further proposes to acquire issued common shares on a fully diluted basis for approximately $23.2m to increase its stake in UQM to 34%.
UQM has engaged BDA Partners as its financial advisor and Snell & Wilmer as the legal advisor for the offering. CNHTC engaged Ellenoff Grossman & Schole as its legal advisor.
UQM Technologies is engaged in the manufacturing power-dense electric motors, generators, power electronic controllers, and fuel cell compressors.