Clean Diesel Technologies, Inc. Announces $3M Convertible Notes Financing

Clean Diesel Technologies, Inc. CDTI announced today it has entered into a binding agreement with an existing investor to issue to the Investor $3 million principal amount of its 8.0% Subordinated Convertible Notes. Completion of the Notes financing is expected to occur not later than May 10, 2011. The offer and sale of the Notes is being made in reliance upon Regulation S under the Securities Act of 1933.