Hydrogenics Provides Update on US$20.5 million Private Placement

MISSISSAUGA, Ontario, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (the “Company” or “Hydrogenics”), a leading developer and manufacturer of hydrogen generation and hydrogen-based fuel cell modules, today announced that it has received conditional approval from the Toronto Stock Exchange for its previously announced private placement of 3,537,931 common shares of Hydrogenics to The Hydrogen Company, a wholly-owned subsidiary of Air Liquide S.A., for gross proceeds of US$20,520,000 (the “Private Placement”).  Subject to the satisfaction of the requirements of the Toronto Stock Exchange and the other conditions to closing, Hydrogenics expects that the Private Placement will close mid to late January 2019.

via Hydrogenics Corporation http://bit.ly/2RHpvsG