December 6, 2006
World Energy finalizes over-allotment option
By Jeff Lavery
World Energy Solutions Inc., a Worcester-based energy brokerage firm, has successfully completed the issuance of 3,000,000 shares of common stock.
The firm issues the stock at a price of $1.05 CDN, or $0.92 US, per share for gross proceeds to the corporation of $3,150,000 CDN, pursuant to the exercise by Sprott Securities Inc., Canaccord Capital Corp. and CIBC World Markets Inc. of their over-allotment option.
The over-allotment option was presented to underwriters to cover over-allotments in connection with World Energy's recently completed initial public offering.
World Energy recently worked with the state of Maryland to save $31.3 million in energy costs. Read more by clicking here.
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