TORONTO, Nov. 10 /CNW/ - SonnenEnergy Corp. (TSX-V: PWR), a leading photovoltaic solar power systems integrator and solar power producer, announces that it acquired 13,750,000 of its common shares from a former shareholder, Hans Hager, pursuant to a security agreement dated May 23, 2007 between SonnenEnergy and Mr. Hager. As stipulated in subsection 35(6) of the Business Corporations Act (Ontario) all such shares have been cancelled thereby reducing SonnenEnergy's total issued and outstanding common shares from 55,021,400 to 41,271,400.
About SonnenEnergy
SonnenEnergy is a solar power systems integrator and solar power producer. The company markets, sells, designs, installs, operates, and maintains grid-connected solar power systems and, since 2004, has installed more than 160 photovoltaic (PV) solar power systems for commercial and residential customers. The company also operates solar power plants in southern Germany, which have total installed capacity of more than 5,000 kWp. SonnenEnergy's corporate offices are located in Toronto, Ontario and its European operations are based in Polling, Germany, with a sales office in Italy. For more information, please visit SonnenEnergy's website at www.sonnenenergy.com.
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