Solarvest BioEnergy Inc (TSXV:SVS) announced a non-brokered private placement of 500,000 common shares at CAD 0.20 per share for gross proceeds of CAD 100,000 on January 3, 2013. The transaction will be entirely subscribed by Gerri Greenham, a director and officer of the company. The shares will be subject to a hold period of four months from the closing.

On January 11, 2013, Solarvest BioEnergy Inc closed the transaction.