News

VRB Power Reports Closing of CAD $2 Million Financing

October 19, 2004 by Jeff Shepard

VRB Power Systems Inc. (Vancouver, BC) announced the completion of the sale of 2,000,000 units at $1.00 CAD per unit, for total gross proceeds of CAD $2,000,000. Each unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to acquire one VRB Power common share at a price of $1.15 CAD per share for a period of one year.