January 19, 2010 (FinancialWire) — Acro Energy Technologies Corp. (TSX Venture: ART), a US solar integrator, said it has received TSX Venture Exchange approval to close a $0.20 non-brokered private placement reported on December 24, 2009. The company raised gross proceeds of $310,050 from the sale of 1,550,250 units at a price of CDN $0.20 per unit.

Each unit is composed of one common share in the company and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company at an exercise price of CDN$0.35 per Share for a period of two years following the closing of the Private Placement. The Units are subject to a four-month hold period expiring May 16, 2010.

Houston-based Acro Energy Technologies is focused on the consolidation and growth of renewable energy companies, primarily in the United States residential solar energy installation market.

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