Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

September 09, 2010 18:05 ET

Sustainable Energy Technologies Ltd.: Completion of Private Placement of First Preferred Series 9 Shares

CALGARY, ALBERTA--(Marketwire - Sept. 9, 2010) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") a manufacturer of next generation solar inverters announced today that, further to the Company's press releases on August 23, 2010 and August 26, 2010, Sustainable Energy has issued an additional of 18,736 first preferred shares Series 9 ("Series 9 Shares") for gross proceeds of $187,360, to eligible investors on the terms previously announced. The Series 9 Shares are similar to, and rank pari passu with First Preferred Shares Series 7. The Series 9 Shares issued to the eligible investors are subject to a four month hold period expiring on January 9, 2011 and are convertible into common shares in Sustainable Energy at $0.155 per share.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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