As part of the financing, Ressources Quebec purchased 35,714,286 units of the Corporation at a price of
"We are very pleased to welcome the Quebec Government as an important shareholder in Orbite" said
The shares and warrants issued pursuant to the financing will be subject to a four month hold following the closing date. The net proceeds of the financing will be used towards the current construction of Orbite's HPA production facility in
Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Corporation or hypotheses underlying these items. In this document, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Corporation management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management's Discussion and Analysis (MD&A) entitled "Risk and Uncertainties" as filed on
The Corporation does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations TMX EQUICOM Mark Lakmaaker, External Investor Relations Consultant 1-800-385-5451 ext. 248 firstname.lastname@example.org For Media Inquiries TMX EQUICOM
Shaun Smith, External Media Relations Consultant 1-800-385-5451, ext. 252 email@example.com Source: Orbite Aluminae Inc.