Nexterra Energy Raises 4th Round

Nexterra Energy Corp., a Vancouver, Canada-based maker of gasification systems that use waste fuels “inside-the fence” at industrial and institutional facilities, has raised C$3.8 million in fourth-round funding. Return backer ARC Financial Corp. led the deal, which brings the firm's total investment in Nexterra to around C$20 million. 

 

PRESS RELEASE

Nexterra Energy Corp. (www.nexterra.ca) announced today that it has completed a $3.8 million fourth round of equity financing. The financing was led by ARC Financial Corp. (“ARC”) of Calgary, Alberta. This brings ARC's total investment in Nexterra to over $20 million. ARC is Canada's largest investment management firm focused on the energy sector.

“Over the past year, Nexterra has firmly established itself as a leader in biomass gasification and we are pleased to lead this fourth round of financing,” said Peter Tertzakian, Chief Energy Economist & Managing Director of ARC. “The company has developed an impressive track record of accomplishments and continues to be a very strong clean tech investment opportunity for ARC.”

“We are very pleased with ARC's continued financial support for Nexterra,” said Jonathan Rhone, president and CEO of Nexterra. “It is a strong vote of confidence and will allow us to continue to execute our business plan.”

About Nexterra Energy Corp.