Hydrogenics closes private placement to Fuzhou Bonded Zone Hejili Equity Investment Limited Partnership

On June 27, 2017, Hydrogenics Corporation ("Hydrogenics") announced that it closed its previously announced US$21 million private placement of 2,682,742 common shares to Fuzhou Bonded Zone Hejili Equity Investment Limited Partnership ("Hejili").

The common shares were acquired pursuant to a non-brokered private placement for an aggregate purchase price of US$21 million, representing a price per share of US$7.827811992. The shares acquired by Hejili represent approximately 17.6% of Hydrogenics' current issued and outstanding common shares.

Further information can be found on Globe Newswire's website.

Hydrogenics, headquartered in Mississauga, Ontario, is leading developer and manufacturer of hydrogen generation and hydrogen-based fuel cell modules.

Hejili is a limited partnership, based in Fuzhou, China, whose partners include Fujian Snowman Co., Ltd. (SZSE:002639), Ningbo Meishan Bonded Zone Mingde Investment Partnership, Ningbo Meishan Bonded Zone Mingde Investment Partnership, and Snow-Hydro Industrial Investment Management Ltd.