P2 Solar, Inc. (PTOS) Completes Financing Requirements for Punjab, India Small Hydro Projects
Today, P2 Solar announced its recent completion of certain financing required for the development of its small-hydro projects in Punjab, India. The company secured financing for small-hydro project expenses incurred from the past four months, which totaled $240,000. The financing was composed of $200,000 in convertible notes with a conversion price to be negotiated at a future date, and a balance made up of $40,000 in private equity placement. The funds have been allocated toward project expenses. Raj-Mohinder Gurm, P2 Solar CEO said, “This financing demonstrates that key investors have confidence in our projects and the ability of our team…