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Westport Signs Investment Agreement with Cartesian Capital Group for up to $71.3 Million in Financing

Westport Signs Investment Agreement with Cartesian Capital Group for up to $71.3 Million in Financing

01/11/2016

Westport Innovations Inc. (TSX:WPT / Nasdaq:WPRT), engineering the world's most advanced natural gas engines and vehicles, announced today that it has entered into an agreement with Cartesian Capital Group, of New York, for up to $71.3 million in financing to support global growth initiatives. The financing agreement immediately provides $17.5 million in non-dilutive capital with up to $53.8 million in additional capital contingent on reaching key milestones and establishing new investment opportunities. Read more

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