EGT Eguana Technologies Inc

Eguana Technologies Inc. (TSX VENTURE:EGT) ("Eguana" or the Company"), a leading
supplier of high performance power management for edge of grid energy storage
applications announces that it has completed a non-brokered private placement
("Private Placement") of 2,187,500 units of the Company ("Units") comprised of
one (1) common share in the capital of the Company ("Common Share") and one half
(1/2) of one Common Share purchase warrant ("Warrant") at a price of $0.40 per
Unit for gross proceeds of $875,000. Each whole Warrant entitles the holder to
purchase one Common Share at a price of $0.60 per share for 18 months from the
closing date. This closing is in addition to a previously announced closing of
Units for gross proceeds of $972,750. The Company has raised total gross
proceeds of $1,847,750 pursuant to the Private Placement. All securities issued
pursuant to the Private Placement are subject to a four month hold period from
the date of issuance.


Eguana has paid finders' fees to eligible persons in accordance with applicable
securities laws in connection with this closing of the Private Placement
consisting of $1,400 in cash and 3,500 broker warrants ("Broker Warrants"). Each
Broker Warrant is exercisable to acquire one Unit at an exercise price of $0.40
per Unit for 18 months from the date of issuance.


The net proceeds (after legal and transaction costs) will be used to expand
Eguana's engineering and operational capacity needed: (i) to execute on the
announced agreement with Sonnenbatterie Gmbh (See News Release dated April 22,
2014); (ii) to accommodate anticipated demand for integrated power electronics
solutions from battery manufacturers in Japan and the United States, as well as
developers of micro-grid power systems in the Middle East and North Africa; and
(iii) to continue to execute on Eguana's strategy to make Eguana the technology
leader for emerging battery technologies. The Company will also use the proceeds
for working capital purposes.


The Company also announces that it has reached agreement with certain creditors
to issue up to 412,500 Units on the same terms as the Private Placement in
payment of arm's length legacy payables totaling approximately $165,000, subject
to approval of the TSX Venture Exchange. The Units issued in settlement of the
payables will be subject to a four month hold period from the date of issuance.


About EGUANA TECHNOLGIES INC.:

Headquartered in Calgary, Alberta, Canada, Eguana Technologies Inc. designs and
manufactures intelligent high performance low-voltage power electronics
platforms for distributed smart grid and energy storage applications. Eguana's
software configurable platform enables energy storage systems to optimize the
lower cost, modularity and safety advantages of low voltage advanced battery
technologies at a much lower cost, and with greater design flexibility than is
possible with conventional power electronics solutions.


To learn more, visit www.EguanaTech.com or follow us on Twitter,
https://twitter.com/EguanaTech.


Forward-Looking Information

The reader is advised that some of the information herein may constitute
forward-looking statements within the meaning assigned by National Instruments
51-102 and other relevant securities legislation. In particular, we include:
statements pertaining to the closing of the Private Placement and issuance of
Units for debt including the Company's ability to obtain necessary approvals
from the TSX Venture Exchange.


Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties. Many factors could cause the
Company's actual results, performance or achievements, or future events or
developments, to differ materially from those expressed or implied by the
forward-looking information. Readers are cautioned not to place undue reliance
on forward-looking information, which speaks only as of the date hereof. Readers
are also directed to the Risk Factors section of the Company's most recent
audited Financial Statements which may be found on its website or at sedar.com.
The Company does not undertake any obligation to release publicly any revisions
to forward-looking information contained herein to reflect events or
circumstances that occur after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eguana Technologies Inc.
Michael Carten
CEO
+1.403.630.9544
michael.carten@EguanaTech.com
www.EguanaTech.com

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