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The proceeds from this share offering are intended to be used primarily to deploy the first phase of proposed SHEC Station #1, a 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.
An expansion to 30 solar hydrogen production modules is planned in subsequent years. As well, management of SHEC LABS expects the Corporation will perform research and development of a "Direct Water Splitting" technology at this proposed facility.
The proposed facility, once fully deployed, has the potential to prevent more than 1.6 million tonnes of carbon dioxide equivalent (CO2e) from entering the atmosphere over a twenty year period, improve local air quality and reduce smog. Theoretically, the technology deployed at SHEC Station #1 by SHEC LABS can be reproduced at thousands of landfill locations around the world and can be expanded to apply not only to landfills, but also to biogas, flare gas and vent gas from the oil and gas industry, stranded gas, coal bed methane and natural gas.
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 7,000,000 shares (Class A common shares) to the public at $2.50 per share.
SHEC concluded its previous shares and warrants offering dated April 25, 2006 that was issued on May 5, 2006 and closed on October 24, 2006. A total of 640,600 shares and 320,300 warrants we issued in 2006 inclusive of 116,800 shares and 58,400 warrants issued to accredited investors prior to the offering release. The total proceeds raised by the offering in 2006 amounted to $1,601,500.
To receive a Private Placement Offering Memorandum, please visit www.shecregister.com or contact SHEC LABS directly at:
2214 Hanselman Avenue
Saskatoon SK
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. SHEC LABS, founded in 1996, 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
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