Hydrogenics Reports Filing of Final Shelf Prospectus

Hydrogenics Corporation, a leading developer and manufacturer of hydrogen generation and fuel cell products, announced today that it has filed a final short form base shelf prospectus with certain Canadian securities regulatory authorities, and a corresponding registration statement on Form F-3 has been declared effective by the U.S. Securities and Exchange Commission. The shelf prospectus will allow Hydrogenics to offer, from time to time, over a 25-month period up to US$16,000,000 of debt, equity or other securities. 

These filings are intended to restore Hydrogenics' flexibility to access the capital markets that was available to Hydrogenics with its prior shelf prospectus and corresponding registration statement on Form F-10, which were withdrawn earlier this year, as disclosed in the management proxy circular dated June 25, 2009 in connection with the previously announced non-dilutive financing transaction involving Algonquin Power Income Fund. 

Except as otherwise may be disclosed in a prospectus supplement relating to a particular offering, Hydrogenics currently intends to use the net proceeds received to fund current operations and potential future growth opportunities. Should Hydrogenics offer any securities, it will make a prospectus supplement available that will include the specific terms of the securities being offered. 

Hydrogenics is not required to offer or sell all or any portion of the securities in the future and will only do so if market conditions warrant. 

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. 

http://www.hydrogenics.com/invest/News_Details.asp?RELEASEID=434059

Source: Hydrogenics