SEAL BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy (Nasdaq: CLNE) today announced that it has entered into an
amendment to a Series I warrant to purchase 1,183,712 shares of its
common stock. Such warrant was originally issued in connection with
Clean Energy's registered direct securities offering, which closed on
November 3, 2008. Pursuant to the warrant amendment, the expiration date
of the warrant was changed to November 10, 2010 and, in consideration of
the modification to the expiration date, Clean Energy agreed to pay the
warrant holder approximately $3.2 million. Clean Energy has received
notice that the warrant will be exercised in full and expects to issue
1,183,712 shares of common stock, for an aggregate exercise price of
approximately $15.0 million, to the warrant holder.
About Clean Energy Fuels
Clean Energy is the largest provider of natural gas fuel for
transportation in North America and a global leader in the expanding
natural gas vehicle market. It has operations in CNG and LNG vehicle
fueling, construction and operation of CNG and LNG fueling stations,
biomethane production, vehicle conversion and compressor technology.
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of federal securities laws. Clean Energy cautions you that any
statements contained in this press release that are not strictly
historical statements constitute forward-looking statements. These
forward-looking statements are neither promises nor guarantees and
involve risks and uncertainties that could cause actual results to
differ materially from such forward-looking statements. Factors that
could cause actual events to differ materially from those predicted in
such forward-looking statements include market conditions and potential
fluctuations in the price of Clean Energy's common stock. Additional
factors that could cause actual events to differ from those predicted in
such forward-looking statements are identified in the preliminary
prospectus supplement and Clean Energy's other filings with the SEC that
are incorporated by reference into the preliminary prospectus
supplement, including its Annual Report on Form 10-K for the fiscal year
ended December 31, 2009 and its Quarterly Report on Form 10-Q for the
fiscal quarter ended September 30, 2010, each of which is filed with the
SEC (copies of which may be obtained at the SEC's website at: http://www.sec.gov).
Readers should not place undue reliance on any such forward-looking
statements, which speak only as of the date they are made. Clean Energy
disclaims any obligation to publicly update or revise any such
statements to reflect any change in its expectations, or in events,
conditions or circumstances on which any such statements may be based,
or that may affect the likelihood that actual results will differ from
those set forth in the forward-looking statements.
For Clean Energy Fuels Corp.
Investor Contact
Ina McGuinness,
805-427-1372
ina@mcguinnessir.com
Source: Clean Energy Fuels Corp.
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