Sustainable Energy Technologies Ltd. (TSX VENTURE:STG) (Sustainable Energy or
the Company) announces that it has completed the previously announced (News
Release: April 24, 2013) additional issuance of First Preferred Share Units
under its previously announced (News Release: April 17, 2013) private placement.
The Company has raised an additional $150,000 for total gross proceeds of
$650,000. 


The additional issuance of the financing consisted of 15,000 Units, each Unit
consisting of one (1) $10, 8% 5-year Convertible First Preferred Share, Series
15 (Preferred Shares) and 12, 1-year common share purchase warrants (Warrants).
The Preferred Shares are convertible at the option of the holder into common
shares of the Company at a price of $0.12 per share. The Warrants entitle the
holder thereof to acquire one common share at a price of $0.12 per share. 


The securities issued under the offering (including the Preferred Shares and
Warrants) are all subject to a hold period under applicable Canadian securities
laws and stock exchange regulations, which will expire on October 1, 2013.


Sustainable Energy issued a total of 65,000 Units under this private placement
for total gross proceeds of $650,000. The Company intends to use the proceeds of
this financing to increase working capital reserves for operations. The offering
remains subject to final approval by the TSX Venture Exchange.


About Sustainable Energy:

Sustainable Energy (www.SustainableEnergy.com) designs and manufactures advanced
power electronics for distributed smart grid and micro-grid applications.
Advanced power electronics are a critical interface between all distributed
generation and storage systems devices, ensuring the delivery of high quality
alternating current (AC) to the power grid as well as providing utility control
over the interconnection and power quality.


Sustainable Energy has designed a simple low cost platform that is software
configurable for a wide range of low voltage cellular generation and storage
technologies, including solar PV and all the emerging battery technologies.


The Company's platform is based on breakthroughs in power conversion technology
that enable its platform to convert high current/low voltage DC into high
quality AC with conversion efficiencies that are materially higher than anything
in the market with an inherently lower cost structure.


Forward-Looking Information

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instrument
51-102 and other relevant securities legislation. In particular, it includes:
statements concerning the value of its products and technologies for distributed
generation and storage systems. While management believes these statements to be
accurate they are dependent on a wide range of factors beyond management's
control and should not be viewed as a guarantee of the specific outcome.
Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties.


Many factors could cause the Company's actual results, performance or
achievements, or future events or developments, to differ materially from those
expressed or implied by the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, which speaks only as
of the date hereof. The Company does not undertake any obligation to release
publicly any revisions to forward-looking information contained herein to
reflect events or circumstances that occur after the date hereof or to reflect
the occurrence of unanticipated events, except as may be required under
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sustainable Energy Technologies Ltd.
Michael Carten
Chief Executive Officer
403.508.7177 # 111
Michael.Carten@sustainableenergy.com

Stone Gold (TSXV:STG)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Stone Gold Charts.
Stone Gold (TSXV:STG)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Stone Gold Charts.