The Company completed a non-brokered private placement (the "Debt Offering") of units (the "Units") for a total gross proceeds of CAD
The proceeds of the Debt Offering consist of the consolidation of new debt with pre-existing Company debt (the "Pre-Existing Debt") in the amount of
The Company paid certain finders a finder's fee equal, in the aggregate, to 6% of the gross proceeds received under the Debt Offering from subscribers identified by such finders payable in cash, and that number of Warrants that is equal to 6% of the total value of the Debentures sold to such subscribers.
In accordance with applicable securities laws in
CleanEnergy Developments is an early stage developer and investor in clean and renewable energy projects with experience in wind, solar, biomass, and thermal energy projects. CleanEnergy Developments provides strategic capital, funding management, and execution expertise.
SustainCo Solutions & Services provides comprehensive building performance services, incorporating full life cycle asset optimization, finance, design, build, operations and maintenance services for new build and retrofit facilities. Specifically, it provides: engineering services, building automation controls, performance monitoring, energy and lighting retrofits, mechanical and electrical installation and services, thermal energy systems, and operations and maintenance services for multi-residential and ICI facilities.
With headquarters in
Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Forward-looking statements, specifically those concerning future performance and other statements that are not historical fact are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the
Neither the Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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SustainCo Inc. Emlyn DavidPresident, Chief Executive Officer and Chairman (647) 258-0960 www.sustainco.ca Source: SustainCo Inc.