BLUESTAR BATTERY SYSTEMS INTERNATIONAL COMPLETES FINANCING.VANCOUVER, BC--(BUSINESS WIRE)--AUGUST 14, 1995--BLUESTAR BATTERY SYST SYST System SYST Shut Your Stinkin' Trap . (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BHW BHW Beamten Heimstätten Werk (German Building Society) BHW Boiler Hot Water BHW Brick Headwall BHW Blackman-Harris Window Function BHW Binary Halfword ) BlueStar Battery Systems International Corp. (formerly Bashaw ba·shaw n. A pasha. [Arabic b   Holdings Ltd.) is pleased to announce it has completed the Private Placement of 1,250,000 shares at $1.60 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. as previously announced July 11, 1995. Proceeds of the Private Placement will be used for funding rapidly expanding inventory requirements to meet increasing demand for lithium batteries representative of increasing corporate sales. The Company is also pleased to announce the setting of director and employee incentive options totalling 663,200 common shares exercisable at $2.10 for 2 years. The Company's subsidiary BlueStar Battery Systems Corp. is a North Vancouver based developer, manufacturer and marketer of advanced lithium batteries for military and commercial markets. Typical applications of BlueStar Battery Systems Corp.'s products include portable communications equipment, emergency locator transmitters and remote sensing equipment. Advanced lithium batteries offer a long shelf life (up to ten years) and excellent low temperature operating capability. BlueStar Battery Systems Corp. trades on the Alberta Stock Exchange under the symbol BHW. CONTACT: Greg Agar (604) 681-0363 1-800-806-5611 or Neil Huff (604) 986-4104 REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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