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

Cool Calculations for Cold Atoms: New theory of universal three-body encounters September 2nd, 2014

Accounting for Biological Aggregation in Heating and Imaging of Magnetic Nanoparticles September 2nd, 2014

Engineers develop new sensor to detect tiny individual nanoparticles September 2nd, 2014

Future solar panels September 2nd, 2014

Investments/IPO's/Splits

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

Aspen Aerogels, Inc. to Present at Canaccord Genuity 34th Annual Growth Conference August 11th, 2014

Announcements

New synthesis method may shape future of nanostructures, clean energy: Findings advance efficient solar spliting of water into hydrogen fuel September 2nd, 2014

Accounting for Biological Aggregation in Heating and Imaging of Magnetic Nanoparticles September 2nd, 2014

Engineers develop new sensor to detect tiny individual nanoparticles September 2nd, 2014

Future solar panels September 2nd, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

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

Picosun joins forces with IMEC for novel, industrial ALD applications August 25th, 2014

Graphene may be key to leap in supercapacitor performance August 20th, 2014

Could hemp nanosheets topple graphene for making the ideal supercapacitor? August 12th, 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