19.01.07

19.1.2007: Meldung: Arise Technologies Corp.: Special Warrant Financing

ARISE Completes $3,600,000 Special Warrant Financing
Thursday January 18, 6:10 pm ET

WATERLOO REGION, ON, Jan. 18 - ARISE Technologies Corporation, announced today that it has completed the previously announced offering of $3,000,000 of Special Warrants, including an additional $450,000 of Special Warrants issued pursuant to an over allotment option in a brokered private placement arranged by D & D Securities Company and Loewen, Ondaatje, McCutcheon Limited, as Co-Lead Agents. In addition, ARISE completed a concurrent offering of $150,000 of Special Warrants in a non-brokered private placement.

Each Special Warrant, priced at $0.40 is exercisable, for no additional consideration, into one ARISE common share and one half of a share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one ARISE common share at a price of $0.55 per ARISE common share, and expires eighteen months from the date of closing of the offering. The expiry date of the share purchase warrants may be accelerated in the event that the ARISE common shares close at a price in excess of $1.00 per share for 20 consecutive days of trading, such that the expiry date shall be 30 days following the date of notice that the trading threshold has been met. Each Special Warrant will be deemed exercised on the earlier of the fifth business day following the receipt of a (final) prospectus qualifying the underlying shares and warrants and the date which is four months and one day following closing.

Ian MacLellan, President and CEO of ARISE stated that, "We are very pleased with the results of this financing and appreciate the support from new and existing investors. This financing was necessary to allow ARISE to implement the next step of our business plan and begin the building process for our PV manufacturing facility in Germany."

About ARISE

ARISE Technologies is dedicated to accelerating the mainstream use of solar energy with our high efficiency photovoltaic cell technology. The Company"s shares are listed on the TSX Venture Exchange under the symbol APV and on the Frankfurt Open Market Exchange under the symbol A3T. Additional information is available at www.arisetech.com and www.sedar.com.

For further information

ARISE Technologies Corporation, 321 Shoemaker Street, Kitchener, Ontario, Canada, N2E 3B3, Tel. (519) 725-2244, Fax: (519) 725-8907, www.arisetech.com
Ian MacLellan, President & CEO, (519) 725-2244 x222, ian.maclellan@arisetech.com
TSX Venture Exchange Symbol: APV


Source: ARISE Technologies Corporation
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