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April 5, 2012 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) has announced filing of a preliminary short form base shelf prospectus (Prospectus), which provides the flexibility to make offerings of securities during the effective period of the Prospectus.
In management's view, Ballard has sufficient liquidity to reach profitability without need for additional public market financing, however, management may choose to access additional capital under circumstances advantageous to Ballard's shareholders and the filing of this Prospectus would facilitate such action.
The Prospectus has been filed in each of the provinces and territories of
Quebec, and a corresponding shelf registration statement on Form F-10 (Registration Statement) was also filed with the United States Securities and Exchange Commission (SEC). These filings, when made final, will enable offerings of securities up to an aggregate initial offering price of
US$75M at any time during the 25-month period that the Prospectus remains effective.
The Registration Statement has been filed with the SEC, but is not yet effective. Securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. After the Registration Statement becomes effective, a copy of the Registration Statement and a copy of the Prospectus contained therein can be obtained by contacting Ballard at 9000 Glenlyon Parkway,
Burnaby, British Columbia, V5J 5J8, Attention:
Kerry Hillier, Corporate Secretary. Copies of the Prospectus and the Registration Statement are also available at
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.