June 20, 2006
SHEC LABS completes first closing under recent Private Placement Offering Memorandum
SHEC LABS - Solar Hydrogen Energy Corporation ("SHEC LABS") is pleased
to announce the first closing of its Private Placement Offering
Memorandum ("OM") that was released on May 5, 2006.
SHEC LABS, as of this first closing, has raised $964,900. This is
inclusive of $352,000 received from accredited investors. In addition,
the corporation also has subscription agreements from investors
totaling about $150,000 in funds that are still being processed through
financial institutions. These funds will be included in the second
closing. SHEC LABS will be conducting multiple closings on this OM
until it is fully subscribed or until the final closing.
The proceeds from this shares and warrants offering are intended to be
used primarily to deploy the first phase of the SHEC Station #1
Project, a proposed Solar Hydrogen Production Facility at the Fleet
Street Landfill in Regina, Saskatchewan, Canada. The first phase of
this proposed facility will include installing a gas collection and
cleaning system to produce "green" synthetic natural gas from the
City's landfill and then to further process this into hydrogen with the
installation of SHEC LABS' first 5 solar hydrogen production
modules.
This Private Placement Offering is being conducted in accordance with
the OM requirements of National Instrument 45-106 and is available to
most residents of Canada. SHEC LABS is offering 4,000,000 units to the
public at $2.50 per unit. Each unit consists of one Class A common
share and one-half (½) of one Class A common share purchase
warrant. Each share purchase warrant has an exercise price of $3.50 per
share and an expiration date of December 30, 2007.
"I am very pleased with the interest we are receiving in this Project
and the progress on our OM" said Thomas Beck, CEO of SHEC LABS. "We
have tremendous momentum being built and it is very gratifying to see
this amount of investment in the early stages of the offering. The bulk
of funds raised in our historical offering occurred in the last two
weeks of an offering. We don't see it happening this time." said Tom
Beck. "Further, to date we have been marketing the OM locally and will
be expanding its territory for subsequent closings."
A Private Placement Offering Memorandum can be obtained online from:
www.shecregister.com or from
SHEC LABS directly at:
2214 Hanselman Avenue
Saskatoon SK. S7L 6A4
Telephone 306-956-2225
About SHEC LABS - Solar Hydrogen Energy
Corporation
SHEC LABS, a research and development company now embarking on
commercialization, aims to become a world leader in providing solutions
for the production of clean, renewable energy for the emerging hydrogen
economy. Founded in 1996, SHEC LABS has developed leading-edge
technologies to more economically harness the power of the sun, reduce
the temperatures required for the disassociation of water, more
economically produce hydrogen from fossil fuels and produce hydrogen
from biomass sources.
Additional information about SHEC LABS may be found at:
www.shec-labs.com
For more information contact Nicole Binsfeld or Thomas Beck at:
(306)956-2225, or web-mail us at:
www.shec-labs.com/contact.php
The information contained in this release does not constitute an
offer or a solicitation of an offer for the purchase or sale of any
shares or other securities of SHEC LABS. There are potential risks
associated with investing in development stage companies. Potential
investors should seek advice from a qualified investment advisor prior
to investing in SHEC LABS. No securities commission or similar
authority has in any way passed on the merits of any of the information
contained in this release.
This release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements. These
forward-looking statements may include the description of our plans and
objectives, assumptions underlying such plans and objectives and other
forward-looking terminology such as "will be", "see", "may", "expects",
"believes", "anticipates", "intends", "proposed", "projects" or similar
terms, variations of such terms or the negative of such terms. There
are a number of risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements made herein.
Accordingly, there can be no assurance that actual results will meet
expectations and actual results may vary (perhaps materially) from
certain of the results anticipated herein.
2010
January 19
SHEC Energy enters agreement with Emerson Process Management
2009
July 22
SHEC Energy Adds Dr. Andy Ananthakrishnan To Senior Executive Team
July 20
CTV News Highlights Global Interest In SHEC Energy's Solar Power Technology
June 17
SHEC Energy relocates to new headquarters - starts commercialization
January 29
SHEC Energy at WFES
January 14
SHEC Energy exhibiting at World Future Energy Summit
2008
November 26
SHEC Energy awarded a grant for approximately $40 million
September 23
SHEC LABS moves up to #2 Position of Clean Energy Companies
August 25
SHEC Energy incorporates in Beaumont, Texas
July 14
SHEC LABS has developed the world's most efficient Solar Thermal technology
Archive - 2007
November 2
Grand Opening - The City of Regina Hosts Ribbon Cutting
Ceremony of their State of the Art Landfill Gas Collection
System
October 31
SHEC LABS - One Step Closer To Commercialization
June 7
SHEC LABS - Solar Hydrogen Energy Corp teams up with the University of
Victoria for Large Scale Solar Concentrator
May 29
James S. Hansen, B.Eng joins SHEC's Board of Directors and Management Team
January 16
SHEC LABS - Solar Hydrogen Energy Corporation receives
Best Company to become Public - TSX Venture award
Archive - 2006
December 22
SHEC LABS, Solar Hydrogen Energy Corporation selected in top 10
of the world's best renewable energy technologies
December 22
SHEC LABS launches second Offering to fund construction of its first Renewable Solar
Hydrogen Production Facility
September 15
SHEC Appoints Neil Mohammed of BMO Capital Markets to Its Board of Directors
September 14
SHEC Thanks Team Member For Past And Continued Support
August 15
SHEC announces Victor Smith, CEO of Giffels/Ingenium has joined the Board of Directors
July 6
SHEC Concludes Hydrogen Workshop for "SHEC Station #1"
June 20
SHEC LABS completes first closing under recent Private Placement Offering Memorandum
May 5
SHEC LABS launches Offering to fund construction of its first Renewable Solar Hydrogen
Production Facility
April 25
O'Brien, Vice President of Environmental Services and Infrastructure of
Giffels/Ingenium joins SHEC's Board of Directors and Management Team
April 4
SHEC LABS announces Pierre Rivard, President and CEO of Hydrogenics Corporation to join its
Board of Directors
Archive - 2005
December 7
SHEC LABS and the City of Regina Saskatchewan are pleased to announce the world's first Solar
Hydrogen production station from landfill gas
November 22
Sustainable Development Technology Canada to Provide $42.5 Million in New Funding For
Canadian Clean Technology Projects
June 16
Jamie Bakos, Manager of Environmental Services of Giffels/Ingenium joins SHEC's Board
of Directors
June 1
SHEC Labs plans Renewable Solar Hydrogen Pilot Plant
May 18
SHEC Labs Releases Unit Conversion Calculator
May 5
SHEC Labs Releases Fuel Energy Equivalency Calculator
March 10
SHEC Labs applies for new patent for Heat Valve
January 5
SHEC Labs applies for new patent for Solar Receiver
Archive - 2004
October 15
SHEC Labs Announces Strategic Partnership with Clean 16 and UofT
October 12
SHEC Labs Announces Strategic Partnership with Hydrogenics Corporation
October 1
SHEC Labs Announces Strategic Partnership with Giffels Associates Limited
September 28
SHEC Labs files for Solar Aperature Patent
July 6
SHEC Labs produces Hydrogen from water in the Arizona Desert
May 26
Solar Hydrogen Generator at STAR test site
January 12
SHEC Labs completes long term testing on Dry Fuel Reformation Catalyst
Archive - 2003
October 21
SHEC Labs develops Anti-Coking fuel reformation technology
August 26
SHEC Labs Unveils prototype solar heating/cooling system
June 10
SHEC Labs Unveils The Power Of 5,000 Suns With It's Advanced Solar Concentrator
April 21
Government of Canada to fund SHEC LABS
April 7
SHEC Labs Launches ProShopMAX Division
March 20
SHEC Labs Granted United States Patent
March 7
SHEC Labs Announces Updated Offering Memorandum for Private Placement
February 12
SHEC Labs to open U.S. Office in Arizona
Archive - 2002
December 4
SHEC Labs Announces Private Placement
October 29
SHEC Labs Signs Asset Purchase Agreement with Mini-Tek Electronics Service
October 28
SHEC Labs Signs Licensing Agreement with Trillium Technology Investments Ltd.
September 22
SHEC Labs Starts Development of Solar Reactor
July 30
SHEC Labs Granted Patent
June 30
SHEC Labs Advances Spin-off Catalyst to Produce Hydrogen from Methane
April 30
SHEC Labs Develops Advanced Mass Flow Meters
Archive - 2001
December 15
SHEC Labs Closes Private Placements
November 30
SHEC Labs Commissions Advanced Catalyst Testing System
June 30
SHEC Labs' Technology Externally Validated by Giffels Associates Limited
March 27
SHEC Labs Completes Larger Scale Concept Machine
February 20
SHEC Labs Completes Initial Small Scale Concept Machine
Archive - 2000
December 15
SHEC Labs Closes Third Private Placement
November 30
SHEC Labs Completes 1/12 Scale Heliostat
October 30
SHEC Labs' Catalyst Technology Externally Validated by Wardrop Engineering Inc.
July 15
SHEC Labs Creates Pressure Swing Adsorption (PSA) Gas Separation System
April 30
SHEC Labs Develops Redumentary Catalyst
March 30
SHEC Labs Develops Near Real Time Gas Analyzer
Archive - 1999
November 15
SHEC Labs Constructs 350KW Power Control for Solar Simulator
June 30
SHEC Labs Completes Materials Processor
Archive - 1998
June 30
SHEC Labs Starts Work on Solar Simulator
May 30
SHEC Labs Files Patent for High Temperature Process to Produce Hydrogen from Water
April 30
SHEC Labs Closes Second Private Placement
February 28
SHEC Labs Demonstrates High Temperature Process to Produce Hydrogen from Water
Archive - 1997
July 30
SHEC Labs Closes First Private Placement
