09:51 AM EST - Thermal Energy International Inc. : announced that it has signed a deal to purchase Bristol-based, privately-held, Gardner Energy Management Ltd., or GEM, for an initial consideration of £2.7 million or about C$5.5 million payable upon closing. Thermal Energy intends to raise the capital to pay the initial purchase price through a private placement. Thermal Energy International Inc.
shares V.TMG are trading up 1 cent at $0.27.
