OTTAWA, March 31 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V:TMG) (www.thermalenergy.com) today announced it has closed a
non-brokered private placement with gross proceeds of $189,000. The private
placement was reserved for up to $189,000 with the TSX Venture Exchange on
March 26, 2007.
The financing consists of an issuance of 1,350,000 units, with each unit
comprising one common share at a price of $0.14 per share. There were a total
of six participants in the private placement with no insiders or employees
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company
providing custom energy and emission reduction, and bioenergy solutions.
Headquartered in Ottawa, Canada, TEI is a designer, design build developer,
fabricator, and supplier of proprietary and patented energy conservation,
renewable energy and environmental technology solutions. Thermal Energy is a
fully accredited professional engineering firm, and offers advanced process
and applications engineering services. The Company is a proud member of the
Chicago Climate Exchange (CCX). FLU-ACE(R), DRY-REX(TM), THERMALONOx(TM) and
THERMALOZOMAX(TM) are trademarks of Thermal Energy International. GEM(R) is a
trademark used under exclusive license from Gardner Energy Management Ltd.
For more information about Thermal Energy International Inc. (TSX-V:
TMG), visit our website at www.thermalenergy.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Stuart McCarthy, Thermal Energy International
Inc., Investor Relations and Communications, (613) 723-6776 x 220,