TORONTO, ONTARIO -- (Marketwire) -- 03/14/13 -- As announced in its press release dated February 13, 2013, Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE: SFC) has entered into a project development agreement ("PDA") with two parties, including Complete Senergy Systems ("CSS"), to complete the development/integration of the S4CO2 IBR platform on a dairy farm in Grand Falls New Brunswick. Under the terms of the PDA, CSS has agreed that certain leased premises expenses, totalling up to $100,000, be paid in common shares of S4CO2 ("Shares"), to be issued at a minimum price of $0.15 per share.
The TSXV has approved for issuance the 166,667 Shares representing the February 2013 leased premises expenses of $25,000, at a deemed price of $0.15 per share. The Shares issued are not subject to any hold period.
After the issuance of the Shares for the February 2013 expenses, the Company will have 35,984,677 common shares issued and outstanding. Shares were previously issued on the same terms for the January 2013 leased premises expenses of $25,000.
Solutions4CO2 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. Solution4CO2'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.
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
- World Bank: Rich Countries Must Curb Emissions
- Airport Garners Social Media Award
- Social Media Campaign Increases Organ Donor Registrations
- What Will Happen When Quantitative Easing Ends?
- MillerCoors Taps New Hispanic Ad Agency
- Immigration Reform Would Decrease U.S. Budget Deficit
- Aetna Leaving California's Individual Health Insurance Market
- Conference Slated for Hispanic Tech Startups
- Tea Party Wants to 'Audit the IRS'
- Calories Count: Starbucks to Post the Numbers on Menu Boards