SOURCE: Grid Cloud Solutions

August 29, 2011 07:55 ET

Grid Cloud Solutions Initiates Private Placement Financing to Support Growth

SAULT STE MARIE, ON--(Marketwire - Aug 29, 2011) - Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) announced its Board of Directors has approved a private placement financing of up to $5,000,000 in several tranches with the closing of the first $1,000,000 tranche in Q3-Q4 2011 for the purpose of supporting its growing list of initiatives and projects. The offering shall consist of units including common shares and warrants. This financing is subject to regulatory approval and all securities issued under the offering will be subject to a hold period. Finder's fees may be payable on a portion of the financing.

Grid Cloud Solutions Inc. offers comprehensive design, development and management services to the Biomass, Solar Thermal & PV and Wind energy industry. The Company brings decades of energy consulting experience to the marketplace. Management's approach is aimed at rapid growth through partnerships, mergers and acquisitions using management's connectivity in the marketplace and their ability to create linkages between different fields of application.

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Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:
    Grid Cloud Solutions Inc.
    Tel. +1 954 707-3043
    Email: Email Contact