World Energy (XWES) Announces $5.5M Capital Raise

April 7, 2011 9:51 AM EDT
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World Energy Solutions, Inc. (Nasdaq: XWES) has entered into agreements with several institutional investors to issue approximately 1.5 million shares of common stock at $3.60 per share, yielding gross proceeds of more than $5.5 million.

Closing is expected April 11, 2011.

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