PRESS RELEASE

Etrion Corporation closes books in USD 80 million private placement


January 20, 2014, Geneva, Switzerland - Etrion Corporation ("Etrion" or the "Company") (TSX: ETX / OMX: ETX), a solar independent power producer, announces closing of books for its previously announced private placement.
Etrion announced on January 17, 2014, at 17:31 CET the intention to offer common shares in a private placement to raise gross proceeds of approximately USD 60,000,000 (the "Private Placement"). The Private Placement generated strong interest from both Swedish and international investors, and the Company has therefore decided to increase the size of the Private Placement to approximately USD 80,000,000.
The price of the shares in the Private Placement was determined in a book