The investors have an option to increase their stake by 15% at the same price per share.
Multimatrix Ltd. (TASE: MLTX) has signed a memorandum of understanding (MOU) for an investment in its wind energy venture.
The investment is for $1.5 million. The investment is at a company value of $20 million. The investors have an option to increase their stake by 15% at the same price per share. The investment funds will be used to acquire the wind energy venture.
Earlier this year the investment company had reported its intention to buy a wind farm in the Golan.
Multimatrix shares rose 0.7% in early trading.
Published by Globes [online], Israel business news - www.globes-online.com - on August 30, 2010
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