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Carmanah Technologies Corporation

10:09 AM EST - Carmanah Technologies Corporation : announced that it plans to conduct a non-brokered private placement of 12,000,000 common shares in the capital of Carmanah, representing approximately 7.6% of the outstanding common shares of the Company, at a price of $0.25 per Share for gross proceeds of $3,000,000. Carmanah Technologies Corporation shares T.CMH are trading unchanged at $0.26.