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Solarvest Bioenergy Inc Announces Non-Brokered Private Placement

Solarvest Bioenergy Inc Announces Non-Brokered Private Placement

SOLARVEST BIOENERGY INC (TSX-V:SVS) (“Solarvest” or the “Company”), wishes to announce it has arranged a non-brokered private placement, pursuant to which the investors will purchase from the Company up to 300,000 common shares priced at $0.25 per share for gross proceeds of $75,000. Proceeds from this private placement will be used as general working capital.

One of the intended subscribers to this placement is a director and officer who is also a Control Person of the Company and the placement is exempt from shareholder approval accordance with MI 61-101 (Protection of Minority Security Holders in Special Transactions).

The shares will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation. Completion of the private placement will be subject to a number of conditions including the approval of the TSX Venture Exchange.

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