SOURCE: Harmonic Energy Inc.

Harmonic Energy Inc.

June 13, 2012 09:31 ET

Harmonic Energy Closes Private Offering of $500,000

LONDON--(Marketwire - Jun 13, 2012) - Harmonic Energy Inc. (OTCQB: ASUV) (PINKSHEETS: ASUV) is a company focused on tire manufacturing and recycling, using an innovative approach to energy efficiency and sustainability. Harmonic is honored to announce that it has closed a $500,000 private offering.

On June 1, 2012, Harmonic Energy, Inc. closed a private offering made under Rule 506 of Regulation D. A total of $500,000 was raised in the offering, which consisted of Units priced at $0.75 per Unit. Each Unit consisted of one share of common stock and one warrant to purchase one share of common stock at a price of $1.12 per share for a period of up to forty-eight (48) months. The offering was made exclusively to accredited investors, and the company did not engage in any general solicitation or advertising regarding the offering.

In addition to working capital, the net proceeds of the private offering will be used to meet the Company's commitments for the acquired exclusive technology rights and advancing the business plan by securing additional feedstock contracts, and identifying premium site locations.

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About Harmonic Energy Inc.

Harmonic Energy Inc. is a company that focuses on a comprehensive solution to the disposition of scrap tires worldwide. Harmonic plans include the utilization of proven technologies that ensure each scrap tire is either remanufactured and put back on the road as a new tire or is completely recycled and reduced into marketable chemical commodity products. Both the tire remanufacturing and carbonization technologies that will be utilized by Harmonic are commercially proven and have viable operating commercial facilities.