GreenEnergyBreaks – Vision Hydrogen Corporation (VIHD) Announces Monetization of First Two Development Projects
Vision Hydrogen (OTCQB: VIHD) today announced that it has monetized its 100% interest in its Vlissingen green hydrogen development project and its 50% interest in its Terneuzen green hydrogen development project through the sale of its Dutch interests to Volt Energy BV (“purchaser”), wholly-owned by its former co-CEO Andre Jurres. According to the update, the purchaser paid total consideration of US$23,627,274, consisting of US$11,250,000 in cash and 1,768,182 shares of the company’s common stock owned by the purchaser, valued at the current market price of $7.00 per share, reducing the company’s outstanding common shares by 8.3% to 19,548,776. “Consistent with…