Leaf Clean Energy Company (AIM:LEAF) entered into a binding stock purchase agreement to sell Johnstown Regional Energy, LLC in cash on November 12, 2014. The sale is subject to certain specific and customary conditions precedent, including state and federal regulatory approvals.

Leaf Clean Energy Company (AIM:LEAF) completed the sale of Johnstown Regional Energy, LLC on June 24, 2015. Leaf Clean Energy received up-front aggregate cash proceeds of $8.4 million from the sale of stakes in Multitrade Telogia, LLC, Multitrade Rabun Gap LLC, Johnstown Regional Energy, LLC and SkyFuel. Leaf Capital Management led the transaction on behalf of Leaf Clean Energy Company. Ivonne Cantú from Cenkos Securities plc acted as financial advisor for Leaf Clean Energy Company.