HLT Energies 2006 inc.

HLT Energies 2006 inc.

October 17, 2006 08:30 ET

HLT Announces a Private Placement of $600,000

MONTREAL, QUEBEC--(CCNMatthews - Oct. 17, 2006) - HLT Energies 2006 Inc, (TSX VENTURE:HES) a leader in the production and the sale of thermal energy, announces that it has signed a private placement agreement of 600 000$.

Private placement

HLT announces a private placement of 600,000$ by issuing 2, 000,000 units consisting of one share at 0.30$ each and one warrant exercisable at a price of 0.30$ within the 24 months following closing expected before the end of the month.

This private placement is entirely subscribed by members of the board

Gerald Desourdy, president and chief operating officer said; "This private placement is evidence of the confidence by members of the board of directors in the important growth potential of the company. The proceeds will be for working capital and to accelerate market penetration in Quebec and Ontario."

This placement is subject to a due diligence and other requirements set by the TSX-Venture Exchange.

About HLT

HLT is a leader in the production and the sale of thermal energy at lower cost than conventional sources such as electricity and natural gas to the multi residential, commercial, industrial and institutional customers.

HLT operates, maintains and remains owner of its thermal plants installed at the customers premises, thus avoiding capital cost for them.

Forward-looking Statements

Certain statements made in this press release and other statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives other than statements of historical facts are forward-looking statements. We cannot guarantee that we actually will achieve the results, plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on therein. The information in this press release, including any forward-looking statements, is provided as of the date of this news release and should not be relied upon as representing our estimates as of any subsequent date. We do not assume any obligation to update or revise any forward looking statements except as required by law, whether as a result of new information, future events or otherwise.

Outstanding shares: 25 014 573

The TSX Venture Exchange is free of any responsibility concerning the relevance or exactitude of this press release.

Contact Information

  • HLT Energies 2006 Inc
    Gerald Desourdy
    President and CEO
    514-868-1111 ext. 222
    HLT Energies 2006 Inc
    Andre Audet
    Chairman of the board
    Paradox public relation
    Eric Leboeuf