Minesto Raise Over SEK 20M in New Capital

The 
raising 
of
 capital 
has
 been
 carried
 out 
in
 cooperation 
with 
the 
Västra 
Hamnen 
Fondkommission 
as 
financial 
advisor 
to
 the 
company.
 SAAB
 AB, 
Midroc 
New 
Technology,
 BGA
Invest, 
Dunross 
& 
Co.
 and
 Hexiron
 are participating
 with
 a
 number
 of
 private
 investors
 in
 the 
issue.
 The
 money 
will 
be 
used 
to 
test 
the 
company's 
power
 plants 
Deep 
Green 
in 
the 
authentic
 environment
 outside 
the 
coast 
of
 Northern
 Ireland
 in
 2011.



The 
test 
on 
Northern 
Ireland 
will 
prove 
the 
functionality 
of 
the 
product 
and
 support 
the 
cost
 of 
energy 
calculations
 that 
show 
that 
Minesto’s 
technology 
is 
very 
cost
competitive 
in
 comparison 
with 
traditional 
electricity 
production.



"Minesto's 
owners 
are 
a 
perfect 
constellation 
of 
industrial
 companies 
and 
entrepreneurial
 finance 
companies 
with 
strong 
global 
networks. 
We 
look 
forward
 to
commercialise 
our
 technology
 with 
the 
help 
of 
old 
and 
new 
owners.
" Says 
CEO 
Anders 
Jansson.
 

Minesto is also featured in today's paper version of the Swedish newspaper, Dagens Industri.