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Share Name | Share Symbol | Market | Type |
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Blueocean Nutrasciences, Inc. | TSXV:SFC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Solutions4CO2 Inc. (TSX VENTURE:SFC) ("S4CO2" or the "Company") is pleased to announced today that it intends to proceed with a non-brokered private placement offering of up to 833,334 units ("Units") at a subscription price of C$0.15 per Unit for gross proceeds of up to C$125,000 (the "Private Placement"). Each Unit will consist of one common share ("Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of C$0.20, for a period of 36 months from the date of closing. The securities to be issued will be subject to a statutory four month-plus-one-day hold period from the date of closing. The Private Placement will be conducted in reliance upon certain prospectus and registration exemptions. The net proceeds from the Private Placement will be used to enhance the Company's cash on hand and strengthen its working capital position. S4CO2 currently has 40,128,011 Common Shares outstanding. The Private Placement is subject to all applicable regulatory approvals, including the acceptance of the TSX Venture Exchange. Douglas Kemp-Welch, CEO of S4CO2 commented: "With the recent announcement of our joint venture to process North Atlantic shrimp waste into Omega 3 enriched oils, it is prudent for the Company to strengthen its working capital position as this project and others in our pipeline advance." About Solutions4CO2 Inc: Solutions4CO2 is a Canadian company that develops innovative waste-gas, water, biomass to high-value nutra co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery(TM) ("IBR") and Bio-Extraction Process(TM) ("BEP"). The IBR integrates best in class technologies to convert various organic waste streams into high-value Omega 3 enriched oil co-products for sale into the global nutraceutical market. The BEP utilizes supercritical CO2 fluid extraction to extract high-value co-products from shrimp by-products. Solution4CO2's business model allows the Company to licence or participate in joint-venture projects with partners across the waste-to-high-value co-product value chain. Forward-looking Statements This news release may contain forward-looking statements that are based on Solutions4CO2's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law. 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: Solutions4CO2 Inc. Douglas Kemp-Welch CEO 416-803-9435 Solutions4CO2 Inc. Dil Vashi Manager Corporate Development 416-803-9435 extension 104 www.s4co2.com
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