TORONTO, ONTARIO -- (Marketwire) -- 01/21/13 -- Solutions4CO2 Inc. ("SFC" or the "Company") (TSX VENTURE: SFC) announces that it has reached an agreement with some of its non-insider employees whereby it will issue (the "Issuance") common shares (the "Shares") in lieu of cash payments of $107,800, representing those employees' 2012 variable compensation awards. A total of 718,666 Shares will be issued from treasury at a deemed price of $0.15 each.
The TSX Venture Exchange has conditionally accepted the Issuance, subject to the normal disclosure requirements by the Company, such requirements fulfilled with this news release and a final news release on closing. The Shares will be issued from treasury on Wednesday January 23, 2013. The issued and outstanding Shares following the Issuance will be 35,651,343.
About Solutions4CO2 Inc.:
Solutions4CO2 Inc. (S4CO2) is a Canadian company that develops innovative waste-gas, water, biomass to high-value co-product solutions using proprietary and licensed technologies under the trademarks Integrated Biogas Refinery ("IBR") and Bio-Extraction Process ("BEP"). The IBR integrates best in class technologies to convert various organic waste streams into high-value algae co-products. The BEP utilizes supercritical CO2 fluid extraction to extract and fractionate high-value co-products from shrimp by-products. S4CO2's business model allows the company to participate in joint-venture projects with partners across the waste-to-high-value co-product value chain, or sell projects on a design, build, operate and maintain basis.
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.
For more information, please visit www.s4co2.com, or view the Prospectus on SEDAR at www.sedar.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.
Manager Corporate Development
416-803-9435 extension 104
Most Popular Stories
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- Bitcoin Clones Lurch Onto Financial Scene
- General Motors Names Mary Barra as First Female CEO
- AIG to Create 230 Jobs in Charlotte
- Clinton to Keynote Annual Simmons Leadership Conference
- How Bitcoin and Other Cryptocurrencies Work
- Californians Want to Legalize Marijuana
- Pacific Trade Pact Delay Hinders U.S. Pivot to Asia
- Russia Says Nyet to Canada North Pole Claim
- Budget Deal Sets Off Grumbles in Both Houses