Deli Solar USA Raises Another Round Of Private Financing

SOLAR DAILY

by Staff Writers
New York NY (SPX) Jun 21, 2007
Deli Solar, a substantial seller of hot water and space heating devices in the People's Republic of China ("PRC"), has announced that on June 14, 2007 it raised $2.75 million in a private placement from the sale of Series A Preferred Stock and Warrants with Barron Partners L.P. as the lead investor investing $2.55 million.

The investors purchased an aggregate of (i) 1,774,194 shares of Series A Preferred Stock (ii) five year warrants to purchase 1,774,194 shares of Common Stock with an exercise price $1.90 per share, and (iii) five year warrants to purchase an additional 1,774,194 shares of Common Stock at an exercise price of $2.40 per share.

Each share of Series A Preferred Stock is convertible into one share of Common Stock, subject to adjustment. Additional shares of Series A Preferred Stock (not to exceed 900,000) are required to be issued to the investors in the event that the Company fails to achieve certain income targets for the fiscal years ended December 31, 2007 and 2008.

Deli Solar (USA), Inc. is a domestic holding company owning all the equity capital of Bazhou Deli Solar Energy Heating Co. Ltd. and Beijing Deli Solar Technology Development Co., Ltd., located in the People's Republic of China. It is a substantial seller of hot water and space heating devices to customers in the PRC.

Email This Article

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

SOLAR DAILY

Germany Leading The International PV Market

Berlin, Germany (SPX) Jun 21, 2007
Industry players from all over the world will be present in Freiburg, Germany for this year's Intersolar convention from June 21 through 23. 560 exhibitioners and 26,000 visitors from over 90 countries will be in attendance and Invest in Germany will be there to outline the advantages of PV investments in Germany.

ENERGY TECH UN Issues Analysis Of The Global Sustainable-Energy Gold Rush New Energy Store Featuring Energy Saving Equipment Debuts In Hollywood San Francisco To Explore Tidal Power Options In Bay Citibank Chief Wants To Invest 50 Billion Dollars In 10-year Campaign For Better Environment	CIVIL NUCLEAR US Congress Approves Bill On Global Nuclear Fuel Bank First Russian Built Nuclear Power Reactor In China Goes Into Operation Indian Villagers Oppose Uranium Mines Canada Okays Plan For Nuclear Waste Depot
BLUE SKY AIRS Global Map Of Carbon Dioxide From Space Widespread Twilight Zone Detected Around Clouds Rand Says Further Study Warranted On Save The World Air Technology Noxious Lightning	WOOD PILE Researchers Demonstrate Way To Control Tree Height Human Activities Increasing Carbon Sequestration In Forests Rove Beetles Act As Warning Signs For Clear-Cutting Consequences Woods Hole Research Center Scientists Study Impacts Of Industrial Logging In Central Africa
FARM NEWS Down On The Virtual Farm With GrassGro 3 University Of Colorado Invention May Allow Thirsty Crops To Signal Farmers Annan Leads Drive To Reverse African Farming Decline Livestock Virtually Fenced In	CAR TECH Debate Heats Up In US Over Coal Fuel For Cars Toyota To Make Diesel Engines With Isuzu Toyota Develops More Fuel-Efficient Engine System Honda To Produce Green Diesel Cars
AEROSPACE EU And US Launch Airline Pollution Initiative Airbus Wants To Cut CO2 Emissions By Half By 2020 easyJet Plans Greener Aircraft By 2015 Airlines To Order Nearly 30,000 New Planes In Next 20 Years	NUCLEAR SPACE Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear NASA plans to send new robot to Jupiter Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission Boeing Selects Leader for Nuclear Space Systems Program

The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement