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.

Abstract:
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

Contacts:
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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Sopping up proteins with thermosponges: Researchers develop novel nanoparticle platform that proves effective in delivering protein-based drugs October 22nd, 2014

Brookhaven Lab Launches Computational Science Initiative:Leveraging computational science expertise and investments across the Laboratory to tackle "big data" challenges October 22nd, 2014

Bipolar Disorder Discovery at the Nano Level: Tiny structures found in brain synapses help scientists better understand disorder October 22nd, 2014

NIST offers electronics industry 2 ways to snoop on self-organizing molecules October 22nd, 2014

Investments/IPO's/Splits

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

Arrowhead Issues Open Letter to Shareholders October 9th, 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

Announcements

NanoTechnology for Defense (NT4D) October 22nd, 2014

Mechanism behind nature's sparkles revealed October 22nd, 2014

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Graphenea opens US branch October 16th, 2014

NTU develops ultra-fast charging batteries that last 20 years October 14th, 2014

Electrically conductive plastics promising for batteries, solar cells October 10th, 2014

NanoNews-Digest
The latest news from around the world, FREE





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














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







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