Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

android tablet pc

Home > Press > Al Yousuf LLC Acquired Shares of Altair Nanotechnologies Inc.

Al Yousuf LLC ("Al Yousuf") announced on December 12, 2008 that under the terms of a purchase and settlement agreement it had acquired 8,000,000 shares of common stock of Altair Nanotechnologies
Inc. ("Corporation"); 5,882,353 shares were acquired at a purchase price of $1.70 per share and 2,117,647 shares were provided in exchange for a release of potential breach of contract and other claims related to a 2007 investment.
All of the shares will be contractually restricted from resale for at least
two years, with one-third of the shares being released from this restriction
on the second, third and fourth anniversaries respectively.

Al Yousuf LLC Acquired Shares of Altair Nanotechnologies Inc.

TORONTO, ON, Canada | Posted on December 12th, 2008

Mr. Iqbal Al Yousuf is the president of Al Yousuf and may be deemed to
have voting and investment control over the securities held by Al Yousuf.
Prior to the acquisition, Al Yousuf held approximately 14.2% of the
Corporation's outstanding shares of common stock. Immediately after the
transaction, Al Yousuf owned or controlled 20,095,038 shares of common stock,
representing approximately 21% of the Corporation's outstanding shares of
common stock.

These securities have been acquired for investment purposes. Based upon a
continuing evaluation of the Corporation's financial condition, operations,
and prospects, and of other business and investment opportunities, economic
and market conditions, and contractual obligations, Al Yousuf and Mr. Al
Yousuf reserve the right to change their purpose with respect to their
investment and take such actions as they deem appropriate in light of the
circumstances existing at the time.

Additional securities may be acquired from time to time in privately
negotiated transactions subject to applicable restraints, availability at
prices deemed favorable, the Corporation's business or financial condition and
other factors and conditions that Al Yousuf and Mr. Al Yousuf deem
appropriate. Al Yousuf and Mr. Al Yousuf may also dispose of the securities if
and when appropriate, subject to applicable restraints.


For more information, please click here

Al Yousuf LLC
c/o Siraj A. Haris, P.O. Box 25
Al Yousuf Motors Showroom Building
Sheikh Zayed Road, Al Quoz
Dubai, United Arab Emirates
Phone: 0971- 4-339000 Ext: 273

Copyright © CNW Group Ltd.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

‘Small’ transformation yields big changes September 16th, 2014

Elusive Quantum Transformations Found Near Absolute Zero: Brookhaven Lab and Stony Brook University researchers measured the quantum fluctuations behind a novel magnetic material's ultra-cold ferromagnetic phase transition September 15th, 2014

'Squid skin' metamaterials project yields vivid color display: Rice lab creates RGB color display technology with aluminum nanorods September 15th, 2014


PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014


Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

‘Small’ transformation yields big changes September 16th, 2014

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Simple, Cost-Effective Method Proposed for Synthesizing Zinc Oxide Nanopigments September 15th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

NEI Corporation and PneumatiCoat Technologies Sign Agreement to Jointly Develop and Market New Materials for Lithium-ion Batteries September 12th, 2014

UT Arlington research uses nanotechnology to help cool electrons with no external sources September 11th, 2014

Development of Algorithm for Accurate Calculation of Average Distance Travelled by Low-Speed Electrons without Energy Loss that Are Sensitive to Surface Structure September 11th, 2014

New analytical technology reveals 'nanomechanical' surface traits August 29th, 2014

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE