News

ARC Canadian Energy Acquires FCT Common Shares

December 10, 2003 by Jeff Shepard

ARC Canadian Energy Venture Fund 2 (Calgary, Alberta) announced that it has exercised 4,347,800 warrants of Fuel Cell Technologies Corp. (FCT, Kingston, ON) to acquire 4,347,800 common shares of FCT. ARC Canadian Energy Venture Fund 2 exercises control or direction over an aggregate of 13,493,391 common shares of FCT, representing approximately 27.8% of the current outstanding FCT common shares.