VANCOUVER, B.C., Feb. 08 /CSRwire/ – ERA Carbon Offsets Ltd. (TSX VENTURE: ESR) (the “Company” or “ERA”), is pleased to announce that the private placement previously announced, October 14th 2009, will close on or about February 9th 2010. The private placement consists of 7,360,000 common shares at a price of CAD$0.75 per share for gross proceeds of CAD$5,520,000. The sole subscriber is Forest Carbon Group AG (”FCG”) an affiliate of HEAG Sudhessische Energie AG (”HSE”), a German energy and infrastructure company based in Darmstadt. Post-financing, FCG will own an aggregate of 7,360,000 shares which constitute 29.9% of the issued capital of the Company. No finder’s fee was paid in connection with the private placement.
Continue Reading at