AU Corporate/InvestorCBD Energy LimitedGerry McGowan
SYDNEY & NEW YORK--(BUSINESS WIRE)--
CBD Energy Limited (NASDAQ: CBDE), a diversified clean energy company
and leading provider of solar installations worldwide, having completed
more than 17,000 residential installations in Australia and numerous
commercial and utility-scale systems worldwide, today announced the
closing of its public offering of 1,810,000 ordinary shares, at an
offering price of $4.00 per share.
National Securities Corporation, a wholly owned subsidiary of National
Holdings, Inc. (OTCBB: NHLD), acted as sole book running manager.
Northland Capital Markets acted as co-manager for the offering.
Northland Capital Markets is the trade name for certain equity capital
markets and investment banking activities of Northland Securities, Inc.,
The net proceeds to CBD Energy Limited (CBD) from the offering were
approximately $6 million, after deducting underwriting discounts and
commissions and other estimated offering expenses. CBD intends to use
the net proceeds received from this offering for working capital, to
fund potential acquisitions, to develop further renewable energy
projects, to repay certain indebtedness and for general corporate
A registration statement relating to these ordinary shares was declared
effective by the Securities and Exchange Commission on June 12, 2014.
The offering was made only by means of a prospectus. Copies of the
prospectus may be obtained by request to the offices of National
Securities Corporation, at 410 Park Avenue, 14th Floor, New York, NY
10022, Attn: Kim E. Addarich, Kaddarich@nhldcorp.com;
or Northland Capital Markets, at 45 South 7th Street, Suite 2000,
Minneapolis, MN 55402, Attn: Shawn D. Messner, email@example.com.
About CBD Energy Limited (NASDAQ: CBDE)
Established in 1989, CBD Energy Limited, or CBD, is a diversified
renewable energy company and a global leader in solar installations.
Powered by a management team with deep experience in the energy sector
and strong engineering capabilities, CBD is focused on the integration
of residential solar, commercial and industrial solar, small utility
scale solar and wind projects, in three principal markets - Australia,
the U.S. and UK.
Headquartered in Sydney, with principal regional offices in London and
New York, CBD has completed projects across four continents, in
countries as far-reaching as Australia, Fiji, Germany, Italy, New
Zealand, the UK and the U.S. CBD has installed more than 17,000
residential systems and developed large renewable energy projects such
as the 107MW wind farm in Taralga, NSW. CBD markets its residential and
commercial solar installations under the name Westinghouse Solar, using
the WESTINGHOUSEŽ trademark pursuant to an exclusive, long-term
worldwide license. For further information on CBD Energy Limited and
Westinghouse Solar, please visit:
+61 2 8069 7970
Energy LimitedJames Greer
, +1 917-714-4791
, +1 610-505-0832
Source: CBD Energy Limited