Conporec (TSXV:CNX), a Quebec-based solid waste treatment and recycling company, recently announced that Hera Holding, a European resource recovery and waste-to-energy (WTE) company, has agreed to a term sheet whereby Hera will subscribe 5,175,824 ordinary shares (approximate value $4.71 million). The proceeds from this private placement will be used to finance the La Prade Environmental Park in Becancor, Quebec. The closing date for the transaction is July 31, 2008.
This news item was adapted from the Environmental Business Chronicle — a general report on environment and business news prepared by Environmental Business Consultants (EBC). For more information on items discussed in this publication, please contact John Nicholson at 647-836-4064 or firstname.lastname@example.org