Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("Coloured Ties" or the "Company") provides the following corporate update on its TSX-50 top 50 selection and on its investment holdings:
As of February 17, 2023, material investment holdings for the Company in the lithium mineral exploration field include the following investments:
| AZIMUT EXPL INC | 1,743,300.00 | |
| https://azimut-exploration.com/wp-content/uploads/2023/01/azimut-pr-20230123.pdf | ||
| MANNING VENTURES INC | 7,767,000.00 | |
| https://manning-ventures.com/bounty-lithium/ | ||
| PATRIOT BATTERY METALS INC | 1,857,200.00 | |
| https://patriotbatterymetals.com | ||
| POWER METALS CORP | 3,006,500.00 | |
| https://powermetalscorp.com | ||
| ROCKLAND RES LTD | 3,100,000.00 | |
| https://www.rocklandresources.com | ||
| SUPERIOR MNG INTL CORP | 60,000.00 | |
| https://superiormininginternational.com/news-releases/superior-mining-international-corp-options-vieux-comptoir-lithium-property-in-prolific-james-bay-region-quebec/ Superior Mining has an Option on the Company's subsidiary's Quebec Pegmatite's Vieux Comptoir Property to earn 100% interest by issuing up to 14,000,000 Superior Mining Shares | ||
| WINSOME RES LTD | 83,000.00 | |
| https://winsomeresources.com.au |
subject to meeting all customary closing conditions, including final approval from the TSXV.
The values of the Company's holdings listed above are subject to audit. The Company holds other value holdings in public and private companies and cash that will be published in its audited financial statements.
The Company reports that it is advancing exploration programs on it's lithium projects within Quebec Pegmatite Corporation, a subsidiary of the Company and will provide updates as they progress.
Coloured Ties also reports that it is in discussions to complete proposed acquisitions of assets that may require additional capital. The proposed asset acquisitions are in the early stage of discussion and there is no guarantee any transaction will be completed. However, in the event the Company intends to proceed with an asset transaction, additional capital may be required, and the Company intends to position itself to be able to complete public offerings if needed. Any public offerings will be subject to the market conditions, the anticipated acquisition and careful consideration by the Company of the implications of the dilutive nature of a public offering.
TSX Venture 50
The Company is pleased to announce it has qualified for the 2023 TSX Venture 50, a ranking of the top performers on the TSX Venture Exchange over the last year.
Further, Coloured Ties Capital was appointed one of the top performing company in the Diversified Industries sector as the TSX 50 selection.
The 2023 TSX Venture 50 is an annual program showcasing the top 10 performers from 5 industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Top performing companies were selected based on year-over-year performance across 3 equally weighted criteria: market capitalization growth, share price appreciation and trading volume for the year ended December 31, 2022. For the full list visit: 2023 TSX Venture 50.
"Year 2022 was a pivotal year for the Company and we were fortunate to position early into the lithium exploration sector with a significant early investment into Patriot Battery Metals and others in the lithium sector. Over 2022, The Company has become intimately involved in the James Bay Region lithium exploration field and has amassed an excellent exploration ground portfolio inside our subsidiary Quebec Pegmatite. We are also significant shareholders in Hertz Lithium, which aims to list on the CSE in spring 2023. In the coming year, we will look to monetize these investments and leverage the returns into other emerging early stage investments in the mining and technology sectors," stated Kal Malhi, CEO.
A brief video on Coloured Ties Capital produced by the TMX Group, can be found at Coloured Ties Capitalhttps://www.colouredtiescapital.com or
TMX V50 https://money.tmx.com/en/venture50
Seeking Additional Investment Opportunities
The Company is currently seeking additional investment opportunities in the mineral exploration sector for uranium, gold, gas and oil in Europe and also in leading edge technology opportunities. Entrepreneurs and organizations seeking a partnership in these sectors are encouraged to contact the Company with a brief summary of the projects for review.
About Coloured Ties Capital Inc
Coloured Ties Capital is a TSX-V listed issuer that invests in early stage commercial ventures and provides investee companies with capital market access and advisory services. The Company offers investors an opportunity to participate in early stage opportunities that are often only offered to high net worth or institutional investors via investment in the Company's common shares listed on the TSX Venture Exchange under symbol TIE.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@colouredtiescapital.com
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.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155591
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that, further to its news release on December 7, 2022, it has obtained conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the option agreement, as amended on January 16, 2023, (the "Option Agreement") entered into between Quebec Pegmatite Corporation ("QPC"), a majority-owned subsidiary of the Company, and Superior Mining International Corporation ("Superior"), whereby Superior has the option to earn a 100% interest in the Vieux Comptoir Lithium Property (the "Property"). Superior has made the initial deposit of $7,500 and confirmed it intends to exercise its Option.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
7,000,000 common shares of Superior (the "Superior Shares") upon receipt of approval of the TSXV;
3,500,000 Superior Shares payable on the one year anniversary of the Option Agreement; and
3,500,000 Superior Shares payable on the eighteen month anniversary of the Option Agreement.
The Option Agreement remains subject to the final approval of the TSXV, including the receipt from Superior of a National Instrument 43-101 technical report in respect of the Property by February 28, 2023. Pursuant to the terms of the Option Agreement, in the event Superior exercises its option in full and acquires the Property, Superior shall grant QPC a 3.0% net smelter return royalty (the "NSR Royalty") and the NSR Royalty may be reduced to 1.5% upon Superior making a cash payment of $3,000,000 to QPC.
Issuance of Option Grants
The Company is pleased to announce that it has granted an aggregate of 250,000 options (the "Options") to a consultant of the Company pursuant to the Company's stock option plan dated for reference August 18, 2022 (the "Plan"). The Plan was approved by the shareholders of the Company on September 23, 2022. The Options shall vest immediately. The Options are subject to the terms of the Plan.
Substantial Issuer Bid
Further to the Company's news release on January 18, 2023, the Company confirms it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share pursuant to its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding. Shareholders who have tendered their Shares pursuant to the SIB can expect payment for the Shares by January 27, 2023 in accordance with the terms of the SIB as set out in the SIB circular.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
Shelf Prospectus
The Company filed a Notice of Intention to be Qualified Under National Instrument 44-101, Short form Prospectus Distributions.
The Company is an investment issuer and may from time to time require capital to make investments or fulfil commitments associated with investee companies or projects. As such the Company intends to qualify for short form distributions to capitalize on possible fund raising to capture opportunities that provide shareholder value. In addition the Company may require the flexibility to issue shares pursuant to a prospectus in connection with acquisition and or investments. Acquisition discussions are at an early stage and may not be completed on the terms currently contemplated or at all. Management of the Company is aware of the dilution associated with any financing activity and intends only to raise additional capital if required in the execution of its investment plan, in context of the market, the net asset value of the Company and if it serves to enhance shareholder value.
Patriot Battery Metals Holdings and other Lithium Holdings Update
Coloured Ties is pleased to report that as of January 26, 2023, it holds 1,936,200 shares of Patriot Battery Metals which traded as high as $13.50 per share.
Azimut Exploration Inc 937,200 shares at average cost of $1.021 per share
Power Metals Inc 3,006,500 shares at average cost of $0.333 per share
Star Peak Mining 469,000 shares at an average cost of $0.785 per share
Winsome Resources 83,000 shares at average cost of $1.729 per share
The values above are based on trading data on the TSXV Exchange. The company holds other smaller value holdings in public and private companies and cash that will be published in audited financial statements.
Seeking Investment in Uranium, Gold and Technology Opportunities
Coloured Ties Capital is currently seeking additional investment opportunities in the uranium and gold exploration projects and leading edge technology sectors. Entrepreneurs and organizations seeking a partnerships in these sectors are encouraged to contact the Company with a brief summary of the projects or review.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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.
Approval of the Option Agreement is subject to a number of conditions, including but not limited to, TSXV approval. There can be no assurance that the Option Agreement will be approved as proposed or at all. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152662
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") today announced today that it has taken up and purchased for cancellation a total of 5,192,307 common shares ("Shares") at a price of $0.65 per Share under its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $3.375 million. The Shares purchased represent approximately 23.5% of the total number of the Company's issued and outstanding Shares at the time the SIB was announced in October 2022. After giving effect to the SIB, the Company will have 16,919,552 Shares issued and outstanding.
Payment for the Shares accepted for purchase under the SIB will be effected by Computershare by January 27, 2023 in accordance with the SIB and applicable law
An aggregate of approximately six million Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders.
The full details of the SIB are described in the offer to purchase and issuer bid circular dated December 2, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Company's shares.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151683
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") is pleased to provide the following update on the Company's lithium portfolio.
Quebec Pegmatite Corporation Holds Corvette Lithium District and Mazerac Lithium District Claims in Quebec
Quebec Pegmatite Corporation ("QPC"), a subsidiary of the Company, currently holds Quebec MERN mineral claims prospective for lithium in Quebec at their Vieux Comptoir Lithium Project and the Mazerac Lithium Project.
Vieux Comptoir Lithium Project is located between the Corvette Property of Patriot Battery Metal Inc. ("Patriot Battery") and the Adina Project of Winsome Resources Ltd. ("Winsome Resources"). The project area was targeted by the Company and the claims were acquired to obtain a strategic land position within the lithium prospective James Bay region. The Vieux Comptoir Lithium Project is adjacent to established lithium pegmatite occurrences and active successful projects:
The Vieux Comptoir Lithium Project is located approximately 35 km from the nearest road and airstrip with property access by float plane or helicopter.
Corvette Property - Patriot Battery (TSXV: PMET)
Patriot Battery's Corvette Property is reported to be a large lithium discovery in James Bay region of Quebec.
On December 13, 2022, Patriot Battery reported an update on their Corvette Lithium Project:
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSXV: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce core assay results for twelve (12) additional drill holes (CV22-046, 055, and 057 through 066) from its 2022 drill campaign at its wholly owned Corvette Property (the "Property"), located in the James Bay Region of Quebec. The primary drill area is focused at the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.
Blair Way, Company President, CEO and Director, comments:
"The Corvette Property continues to deliver with these latest assay results, which include some of our highest grades to date. In addition, the strike length of the CV5 Pegmatite system remains open in all directions with wide widths and strong grades encountered along its currently defined 2.2 km length. I am happy to be back on track with regular news releases of our assay results from the summer-fall drill program. With 38 holes yet to be received from the lab, and re-commencement of drilling in January, we will have continuous news flow on the Property for some time."
(https://patriotbatterymetals.com/patriot-drills-113-4-m-of-1-61-li2o-including-2-0-m-of-6-41-li2o-at-the-cv5-pegmatite-corvette-property-quebec/)
Adina Project -Winsome (ASX:WR1)
On January 6, 2023, Winsome provided an update on its Adina Project with respect to its initial assay results from its drill hole AD-22-005. The intial assay results confirm the following significant lithium intercepts in drill hole AD-22-005:
Winsome Resources Managing Director, Chris Evans said:
"It is fantastic to see these impressive levels of lithium mineralisation in drill hole AD-22-005 which provide proof of the Company's previous visual estimates of mineralisation. Having an average of 1.34% Li2O for over 100m of pegmatite from surface speaks of a world-class lithium project and paves the way for the much expanded drill program we now have planned at Adina. It is also very encouraging for the other impressive pegmatite intersections and visual estimates from drilling of subsequent holes up until the Christmas break. We look forward to releasing these assays to the market as soon as they become available."
(https://winsomeresources.com.au/investors-asx-releases/)
Quebect Pegmatite Corporation Receives Conditional Approval for the Option of its Vieux Comptoir Lithium Project to Superior Mining International Inc.
On December 7, 2022, Quebec Pegmatite Corporation, a subsidiary of the Company announced that it entered into an option agreement (the "Option Agreement") with Superior Mining International Corporation ("Superior"), whereby Superior has the option (the "Option") to earn a 100% interest in the Vieux Comptoir Lithium Property in certain circumstances.
Under the terms of the Option Agreement, Superior may exercise the option to acquire 100% interest in the Property upon the issuance to QPC of the following share issuances:
The Option Agreement remains subject to the approval of the TSX Venture Exchange.
On January 5, 2023, the Company received conditional approval from the TSX Venture Exchange (the "TSXV") with respect to the Option Agreement. Closing of the Option is subject to meeting all customary closing conditions, including final approval from the TSXV.
Summary of Mazerac Lithium Project
On July 25, 2022, Coloured Ties reported that the Company had acquired 108 mineral claims, covering 55 square kilometers in the Cadillac-Pontiac region, about 50 km southwest of Val-d'Or. The claims are immediately adjacent to claims currently held by Winsome Resources and Vision Lithium Inc., a TSXV listed Lithium explorer. The Mazérac claims are accessible by a dense network of trails and other logging roads. The area also accessible through boat or seaplane within watershed of Decelles water reservoir, hosting the Rapid-7 hydroelectric dam of Decelles.
The general area has recently attracted many lithium prospecting and exploration companies such as Brunswick Exploration Inc. (TSXV: BRW), High Tide Resources Corp. (CSE: HTRC), Medaro Mining Corp. (CSE: MEDA), NeoTerrex Corporation (private company), Renforth Resources Inc. (CSE: RFR), Sayona Mining Limited (ASX:SYA), Vision Lithium Inc. (TSXV: VLI), and Winsome Resources.
The Cadillac-Pontiac area has gained attention due to recent discoveries of several high-grade spodumene prospects. The latest discovery of high-grade lithium prospects by Vision Lithium Inc, spurred several other exploration and drill programs within the Cadillac area. Since December 2021, approximately 4000 new claims have been registered in the greater Mazerac area and the Pontiac Sub province region, south of Val-d'Or and Rouyn-Noranda.
Other Lithium Portfolio
CTI holds the following investments in the Company's lithium portfolio aside from its 10,000,000 shares of Quebec Pegmatite Corporation:
Recently, Winsome Resources acquired 7,500,000 common shares of Power Metals and 7,500,000 common share purchase warrants of Power Metals from Sinomine Rare Metals Resources Co Ltd. ("Sinomine") for total cash consideration of $2,000,000. Each warrant entitles the holder thereof to acquire one share of Power Metals at CAD$0.40 per share, expiring on 17 March 2025. Winsome Resources has also agreed to assume all of Sinomine's rights and obligations under the offtake agreement that was entered into between Sinomine and Power Metals dated March 16, 2022.
Substantial Issuer Bid Deadline is January 17, 2023
The Company reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
ABOUT Coloured Ties Capital Inc.
Coloured Ties Capital is a publicly traded Canadian-based venture capital firm focused on early stage investments in companies in the junior resources and break thru and disruptive technologies. Coloured Ties investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investments to advance promising ventures globally. Coloured Ties invests early stage, in promising projects where it can be the Founding or Early Stage investor and can additionally provide investees with advisory services and access to the company's ecosystem.
Entrepreneurs or prospectors or other listed companies seeking business partnership with Coloured Ties are invited to contact the Company for further information on our investment criteria and available opportunities.
For further info, please contact
Kal Malhi
Chief Executive Officer
kal@bullruncapital.ca
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.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
The forward-looking statements contained in this news release present the expectations of the Company as of the date hereof and, accordingly, is subject to change after such date. Readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150814
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Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") reminds shareholders that the previously announced substantial issuer bid (the "Offer") under which the Company will offer to purchase for cancellation up to $3,375,000 of its outstanding common shares (the "Shares") will expire on January 17, 2023, unless extended, varied or withdrawn. Shareholders who wish to tender their shares are urged to tender their shares in advance of the deadline to ensure efficient processing time.
The Offer is being made by way of a "modified Dutch auction", which will allow shareholders who choose to participate in the Offer to individually select the price, with a range of not less than $0.55 per Share and not more than $0.65 per Share (in increments of $0.01 per Share), at which they are willing to sell their Shares. Upon expiry of the Offer, the Company will determine the lowest purchase price (which will not be more than $0.65 per Share and not less than $0.55 per Share) (the "Purchase Price") that will allow it to purchase the maximum number of Shares tendered to the Offer, and not withdrawn, having an aggregate purchase price not exceeding $3,375,000.
Shareholders who wish to participate in the Offer will be able to do so through (i) auction tenders in which they specify the number of Shares being tendered at a specific price per Share, or (ii) purchase price tenders in which they agree to have a specified number of Shares purchased at the purchase price to be determined pursuant to the auction and have their Shares considered as having been tendered at the minimum price of $0.55 for the purposes of determining the purchase price. Shareholders who validly deposit Shares without specifying the method in which they are tendering their Shares will be deemed to have made a purchase price tender.
If the Offer would result in an aggregate purchase price of more than $3,375,000, the Company will purchase a pro-rated portion of the Shares so tendered pursuant to auction tenders at or below the Purchase Price and purchase price tenders (after giving preferential treatment to "odd lot" holders).
The Offer is optional for all shareholders, who are free to choose whether to participate, how many Shares to tender and, in the case of auction tenders, at what price to tender within the specified range. Any shareholders who do not deposit their Shares (or whose Shares are not repurchased under the Offer) will realize a proportionate increase in their equity interest in the Company, to the extent that Shares are purchased under the Offer.
The Offer will not be conditional upon any minimum number of Shares being tendered. The Offer will, however, be subject to other conditions and the Company reserves the right, subject to applicable laws, to withdraw or amend the Offer, if, at any time prior to the payment of deposited Shares, certain events occur. The formal offer to purchase and issuer bid circular, letter of transmittal and notice of guaranteed delivery (collectively, the "Offer Documents") containing the terms and conditions of the Offer and instructions for tendering Shares have been filed with the applicable securities regulators and mailed to registered shareholders. The Offer Documents are available under the Company's SEDAR profile at www.sedar.com.
Neither the Company nor its board of directors makes any recommendation to shareholders as to whether to tender or refrain from tendering any or all of their Shares to the Offer. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Shares. The solicitation and the offer to purchase Shares by the Company is being made only pursuant to the Offer Documents. Shareholders of the Company are urged to read the Offer Documents carefully and to consult with their own financial, tax and legal advisors prior to making any decision with respect to the Offer.
For further information please contact:
Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca
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.
This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including regarding the timing and completion of the Offer. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's most recent management's discussion and analysis. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150382
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Carbon Done Right Developments Inc. ("Carbon Done Right" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company and its stakeholders, is pleased to announce the completion of all milestones required for the fourth disbursement under the pre-purchase agreement reached with BP Carbon Trading Ltd announced on the 14 th June, 2023. The next milestone for a further disbursement is due within the next four weeks.
Carbon Done Right CEO James Tansey stated 'This fourth milestone demonstrates continued progress with this critically important project. The restoration sites focus on abandoned land in Sierra Leone and provide direct income to the smallholders within these communities and long-term revenue sharing benefits. The project also demonstrates a model for large scale restoration of native species that begins to reverse decades of damage to the climate from deforestation. Restoring nature's capacity to sequester carbon is a key strategy for reversing and preventing climate change. The in-country team is busy preparing for the 2024 planting season where we expect to plant native tree species on up to 2,000 ha of additional degraded land.'
The Company is developing the large-scale rewilding reforestation project in Sierra Leone over an initial area of 5,000 ha, with the aim of extending by a further 20,000 ha. The initial project area of 5,000 ha can produce up to 1.7m tonnes of validated and verified Verra carbon credits over 30 years. The total pre-purchase amount will be repaid through the delivery of validated and verified carbon credits to the pre-purchaser.
Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their Net Zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone , Yucatan , Guyana and Suriname.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Tansey"
James Tansey
Chief Executive Officer
http://www.CarbonDoneRight.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements and forward-looking information (collectively " forward looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "intends" "expects" and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering and the ongoing business of the Company. Carbon Done Right cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Carbon Done Right including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Carbon Done Right. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and Carbon Done Right does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
SOURCE Klimat X Developments Inc.
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Carbon Done Right Developments Inc. ("Carbon Done Right" or the "Company") (TSXV: KLX) (FSE: Q1C), formally Klimat X Developments Inc., a company that carries on the business of developing validated and verified carbon credits from afforestation and reforestation of degraded land areas and marine ecosystems, including mangroves, for sale into international voluntary carbon markets, is pleased to announce that is has entered into an agreement with Leede Jones Gable Inc. (the " Agent ") to act as sole agent in connection with a commercially reasonable "best efforts" private placement of up to a maximum of 43,111,000 common shares of the Company (the " Common Shares "), at a price of C$0.05 per Common Share (the " Issue Price "), for gross proceeds to the Company of approximately C$2.1 million (the " Offering "), subject to the maximum amount that may be issued under Part 5A (the " Listed Issuer Financing Exemption ") of National Instrument 45-106 Prospectus Exemptions (" NI 45-106 "). The pricing of the Offering is based on a 6.2% discount to the Volume Weighted Average Price over the prior 30 trading days. The company has calculated a six month Volume Weighted Average Price of $0.09 and $0.132 over 12 months.
The Company has granted to the Agent an option (" Agent's Option "), exercisable in whole or in part, at any time prior to the closing of the Offering, to increase the size of the Offering by 8,622,200 Common Shares, being an amount equal to 20% of the number of Common Shares sold pursuant to the Offering. The Agent's Option may only be exercised using exemptions pursuant to NI 45-106, other than the Listed Issuer Financing Exemption.
The Company intends to use the net proceeds of the Offering for the development of its existing projects, developing its technology, for new site development and acquisition and for general corporate and working capital purposes.
The Offering is scheduled to close on or about April 26, 2024 , or such date as the Agent and the Company may agree upon, and is subject to certain conditions, including but not limited to, the receipt of all necessary approvals including the conditional approval of the TSXV and the previously announced admission of the Company's Common Shares on the London Stock Exchange's Alternative Investment Market (the " AIM Admission "). The Company is concurrently fundraising in the United Kingdom by way of a placing of new Common Shares with institutional investors at a price of C$0.05 per Common Share (the " Concurrent UK Offering "). The Concurrent UK Offering is set to close contemporaneously with the Offering and the AIM Admission. Completion of the Offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.
Subject to compliance with applicable regulatory requirements, and in accordance with NI 45-106, the Common Shares will be offered for sale to purchasers resident in Canada , except Quebec , and other qualifying jurisdictions, pursuant to the Listed Issuer Financing Exemption, and such other prospectus exemptions as may be agreed upon between the Company and the Agent. The securities issued under the Offering pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.klimatx.com . Prospective investors should read this offering document before making an investment decision.
As consideration for its services, the Agent will receive a cash commission of 6% of the gross proceeds of the Offering and broker warrants (the " Broker Warrants ") in an amount equal to 6% of the number of Common Shares sold pursuant to the Offering. Each Broker Warrant will be exercisable to purchase one Common Share at the exercise price of C$0.05 for a period of forty-eight (48) months from the closing date of the Offering.
The securities offered have not been registered under the U.S. Securities Act of 1933 , as amended (the " U.S. Securities Act "), and may not be offered or sold to, or for the account or benefit of, persons in the "United States " or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
'Carbon Done Right' is a technology enabled rainforest planting company that carries on the business of developing validated and verified carbon credits from afforestation and reforestation of degraded land areas and marine ecosystems, including mangroves, for sale into international voluntary carbon markets. Carbon Done Right works as an investor in or a direct owner and/or operator of projects, addressing a key supply constraint in the current market and the rapidly growing demand for carbon credits in global voluntary and regulated markets. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. Carbon Done Right draws on the experience of a senior executive team and board that provide access into key target jurisdictions through relationships in the mining and natural resources sectors, combined with decades of experience in carbon markets. The Company deploys capital at risk under various arrangements, including cooperation, assignment, and production sharing agreements with large landowners and governments in various suitable jurisdictions around the world.
CO: Klimat X Developments Inc. CNW 05:00e 08-MAR-24
Forward-Looking Statements
Neither 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 press release.
This press release contains forward-looking statements and forward-looking information (collectively " forward looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "intends" "expects", including the negative and grammatical variations thereof, and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering; the ability of the Company to raise the maximum proceeds of the Offering; the intended use of proceeds from the Offering; the receipt of any regulatory approvals, including final approval of the TSXV; and the ongoing business of the Company.
Carbon Done Right cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Carbon Done Right including expectations and assumptions concerning the Company, the Company's objectives, goals or future plans, the completion of the Offering, the proceeds of the Offering, the planned use of proceeds from the Offering, regulatory approval for the Offering, the completion of the Concurrent UK Offering and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that assumptions used in the preparation of any forward- looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Carbon Done Right. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and Carbon Done Right does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
SOURCE Klimat X Developments Inc.
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Brossard (Québec), le 10 avril 2024 — CORPORATION CHARBONE HYDROGÈNE (TSXV: CH , OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société ») , la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, a annoncé aujourd'hui qu'un élément essentiel au stockage de l'hydrogène vert a été fabriqué et est prêt à être transporté vers son site phare d'hydrogène vert, situé dans la ville de Sorel-Tracy, au Québec, le long de l' « autoroute de l'acier », l'autoroute 30. La nouvelle de la livraison prochaine de l'équipement fait rapidement suite à l'annonce récente des priorités stratégiques de Charbone et à son intention déclarée de rendre son installation de production d'hydrogène vert opérationnelle cet été.
Les tubes de stockage à la fine pointe de la technologie, fabriqués par l'un des principaux fabricants de tubes à haute pression d'Amérique du Nord de Littleton, dans le Massachusetts, ont été conçus pour une utilisation des pressions nettement plus élevées que les autres tubes disponibles sur le marché . Les normes de compression Charbone ont été sélectionnées afin d'augmenter et d'optimiser la capacité de stockage sécuritaire, tout en permettant la réduction des coûts de transport et de livraison de l'hydrogène. Les différentes composantes de production d'hydrogène de l'usine de Sorel-Tracy ont été commandées et sécurisées avec les acomptes déjà versés depuis plusieurs mois .
Arrivée de tubes de stockage d'hydrogène à haute pression à grande échelle, coordonnée avec le calendrier de construction sur le site
« Après des années de travail intensif et acharné, Charbone franchit aujourd'hui une autre étape importante avec la livraison de ce premier volet de notre projet phare canadien », a déclaré Dave B. Gagnon, président et chef de la direction de Charbone. « Notre approche unique du développement d'usines modulaires d'hydrogène vert nous permet d'avancer rapidement. À quelques mois seulement du lancement de la production, je suis fier du dévouement de notre équipe et je souhaite également reconnaître et remercier les investisseurs, les actionnaires et nos familles pour leur soutien fort et indéfectible. »
Le projet d'hydrogène vert de Sorel-Tracy servira d'usine phare de la société, donnant à Charbone l'avantage du premier producteur avec une production commençant au troisième trimestre 2024. Suivant une approche par phase avec une progression accélérée, pour produire environ 200 kg par jour une fois atteinte sa capacité initiale, l'usine cible les utilisateurs industriels et remplacera l'hydrogène gris produit à partir de combustibles fossiles par une alternative propre, fiable et renouvelable.
Charbone est à établir le calendrier de livraison des autres équipements de production et de stockage.
À propos de Charbone Hydrogène Corporation
Charbone est un groupe intégré de production d'hydrogène vert axé sur le déploiement d'un réseau nord-américain d'usines de production. En utilisant des énergies renouvelables pour produire des molécules de dihydrogène (H2) et des solutions écoénergétiques et respectueuses de l'environnement aux utilisateurs industriels, institutionnels, commerciaux et de la mobilité future, Charbone prévoit déployer 16 usines de production d'hydrogène vert aux États-Unis et Canada d'ici 2030. Charbone est la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert avec ses actions ordinaires se négociant sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d'information, merci de visiter www.charbone.com .
Énoncés prospectifs
Le présent communiqué de presse contient des énoncés qui constituent de « l'information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l'intention », « anticipe », « s'attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives.
Ces risques, incertitudes et hypothèses comprennent, sans s'y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l'inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l'adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.
Sauf si les lois sur les valeurs mobilières applicables l'exigent, Charbone ne s'engage pas à mettre à jour ni à réviser les déclarations prospectives.
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent de responsabilité quant à la pertinence ou à l'exactitude du présent communiqué.
Contacts
Pour de plus amples informations, veuillez contacter :
Dave B. G agnon | ||
Chef de la direction et président du conseil d'administration | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 450 678-7171 | ||
Téléphone cellulaire: +1 450 524-0067 | ||
Courriel: dg@charbone.com | ||
Daniel Charette | ||
Chef de l'exploitation | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau : +1 450 678-7171 | ||
Téléphone cellulaire : +1 514 980-5841 | ||
Courriel: dc@charbone.com | ||
Benoit Veilleux | ||
Chef de la direction financière et secrétaire corporatif | ||
Corporation Charbone Hydrogène | ||
Téléphone bureau: +1 450 678-7171 | ||
Téléphone cellulaire: +1 438 508-1718 | ||
Courriel: bv@charbone.com |
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Brossard, Quebec, APRIL 10, 2024 Charbone Hydrogen Corporation (TSXV: CH;
OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, today announced that an essential component for the storage of green hydrogen have been built and is ready for transport to its flagship green hydrogen site, located in the City of Sorel-Tracy, Quebec along Highway 30's "Steel Highway." News of the upcoming equipment delivery quickly follows CHARBONE's recent strategic priorities announcement and stated intent to have its green hydrogen production facility operational this summer.
State-of-the-art storage tubes, fabricated by one of North America's top high-pressure tube manufacturers out of Littleton, Massachusetts, were engineered to manage significantly higher pressures than others found in market. CHARBONE's compression standards were selected in order to increase and optimize safe storage capacity, while ultimately reducing transportation and delivery costs. The different hydrogen production components for the Sorel-Tracy project were ordered and secured with down payments already made.
Arrival of Large-Scale, High-Pressure Hydrogen Storage Tubes Being Coordinated with Onsite Construction Schedule
" After years of intensive and hard work, CHARBONE is hitting another important milestone today with the delivery of this first component for our flagship Canadian project, " said Dave Gagnon, CEO of Charbone . "Our unique approach to modular green hydrogen plant development allows us to move fast. Now just months away from launching production, I'm proud of our team's dedication, and also want to acknowledge and thank investors, shareholders and our families for their strong and unwavering support."
The Sorel-Tracy Green Hydrogen Project will serve as the Company's flagship facility, giving Charbone a first-mover advantage with production starting Q3-2024. Following a phased approach, and gradually accelerating to produce approximately 200 kg per day once reaching initial full capacity, the facility is targeting industrial uses and replacing gray hydrogen with a clean, and reliable, renewable alternative to hydrogen produced from fossil fuels.
Charbone is now preparing to set up a delivery schedule for the other production and storage equipment.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contacts Charbone Hydrogen Corporation | ||||
Dave B. Gagnon | ||||
Chief Executive Officer and Chairperson of the Board | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
Daniel Charette | ||||
Chief Operating Officer | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
Benoit Veilleux | ||||
Chief Financial Officer and Corporate Secretary | ||||
Telephone: | +1 450 678-7171 | |||
Email: | ||||
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Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, announced that several of its largest shareholders have agreed to return up to 30 percent of their holdings to the company for cancellation.
Heirs of Dominic Bassani, Bion's former CEO and largest shareholder who passed in November, will return approximately 20 percent before the Company's June 30, 2024, fiscal year end, with another 10 percent upon Bion meeting funding milestones that are consistent with the company's growth objectives. Mark Smith, Bion's current President, who is transitioning to retirement during this year, will return approximately 30 percent of his holdings over the next month.
The return process will involve cancellation of instruments held at the end of 2023, consisting of a mix of convertible notes, deferred compensation, warrants, and options. If the funding milestones are met, the surrender will total just under the equivalent of 10 million shares that would have resulted from the conversion or exercise of these instruments. The actual transactions with all details set forth will be reported on the individuals' SEC Form 4 filings.
These shares are being returned to 1) offset shares Bion expects to issue under the employee incentive plans (and in other manners) to attract new team members to lead Bion through commercialization and project development, and 2) minimize dilution from future equity financings. It is anticipated that over the next year, Smith and the Bassanis will continue to convert long-standing notes and/or exercise warrants/options, that will simplify Bion's capital structure, while also providing some further reduction in the fully diluted capitalization of the company.
Bion currently has approximately 57 million shares issued and outstanding, with approximately 100 million total shares (fully diluted: includes deferred compensation, convertible notes and debt, options, and warrants). If funding milestones are met, after the return of shares, Bion will have approximately 90M total shares (fully diluted). Details of the surrender, including which instruments will be returned and canceled, will be determined over the next several weeks.
Linda Bassani, Mr. Bassani's widow, said, "Dom was committed to Bion and his vision of a sustainable livestock industry. As part of his legacy, we are taking these actions to support the company's transition to commercialization and make that vision reality. To build projects, Bion needs to bring on successor management, an operations team, and strategic partners. We want these shares to be used to attract and incentivize top-shelf talent and provide additional flexibility where needed."
Bill O'Neill, Bion's CEO, said, "We appreciate the Bassani family and Mr. Smith for recognizing this need and taking the steps to help ensure our success. As we continue with commercialization and begin projects, this will help minimize the impact of funding our growth, including assembling the team we'll need to exploit our opportunities. We are eager to begin our first beef project this summer and explore alternative uses for our technology in other segments of the livestock industry and industrial/municipal applications."
About Bion Bion's Gen3Tech platform will minimize the environmental impacts of large-scale livestock production, improve resource and production efficiencies, and drive premium pricing with a USDA-certified sustainable brand. The patented core technology produces clean water and recovers high-value organic and low-carbon precision fertilizers from manure. Bion is focused on developing state-of-the-art indoor cattle feeding operations that will produce verified Climate and Water Smart premium beef, fertilizers, and biofuel. For more, see Bion's website at https://bionenviro.com .
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the word ‘will' and similar expressions identify certain forward-looking statements. It should be noted it is difficult to accurately predict the startup and optimization of a first-of-its-kind advanced waste treatment technology platform. The timelines discussed are estimates only. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
(406) 281-8178 direct
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