Altair Nanotechnologies Inc. (NASDAQ:ALTI) reached up 30.55% in morning trading to $1.4099 with 3M shares traded. Altair Nanotechnologies Inc. (Altairnano) is a leading provider of energy storage systems for clean, efficient power and energy management. Altairnano's nano lithium-ion titanate-based solutions are among the highest performing and most scalable, with applications that include complete energy storage systems for frequency regulation and renewables integration for the electric grid, and battery modules and cells for transportation and industrial applications. Altair Nanotechnologies Inc. (NASDAQ:ALTI - News) today announced it had closed on a Share Subscription Agreement with Canon Investment Holdings Limited (Canon), through its affiliate, Energy Storage Technology (China) Group Limited (EST). Under the terms of the agreement, Altairnano issued 37,036,807 common shares to EST at $1.5528 per share, providing $57.5 million in proceeds to Altairnano. Following the closing of this transaction, there are 69,452,487 Altairnano common shares outstanding.
Entest BioMedical Inc. (OTCQB:ENTB) reached up 10.92% in morning trading to $1.32 with 100K shares traded. Entest BioMedical Inc. is a biotechnology company focused on the development of regenerative and immunological therapies for veterinary applications. The Company is specifically interested in veterinary therapies that harness the animal's own reparative and immunological mechanisms. Entest's products include an immuno-therapeutic cancer vaccine for canines (ImenVax™). ImenVax™ utilizes an encapsulation device as the vaccine delivery system and requires a simple implant procedure. Additionally, the Company is interested in acquiring veterinary hospitals as both a source of near term revenue and as a distribution channel for its veterinary therapies and treatments. Entest BioMedical Inc. (OTCQB: ENTB) (OTC.BB:ENTB - News) announced that on July 19, 2011 a letter of intent (LOI) was executed to acquire substantially all of the assets of Oregon-based Titterington Veterinary Services, Inc. ("Titterington").
China Integrated Energy, Inc. (PINK:CBEH) reached up 12.87% in morning trading to $.7788 with 170K shares traded. China Integrated Energy, Inc. is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of nine retail gas stations. The Company operates at 200,000-ton biodiesel production capacity within two plants located in Tongchuan, Shaanxi province, and one plant in Chongqing, China. The Company utilizes a distribution network covering 16 provinces and municipalities, established over the past 11 years, to distribute both heavy oil and finished oil, including gasoline, petro-diesel, and biodiesel. China Integrated Energy, Inc. (OTC Pink: CBEH) today announced that it has appointed Sherb & Co., LLP as its independent auditor.
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