PRP Purpose Conservative Income Fund

ProSep Inc. (TSX:PRP) ("ProSep" or the "Company"), dedicated to providing
process solutions to the oil and gas industry, today announces that the Autorite
des marches financiers and the Ontario Securities Commission have issued an
order revoking the Management Cease Trade Order issued against the Company on
April 29, 2013.


About ProSep 

ProSep is a technology-focused process solutions provider to the upstream oil
and gas industry. ProSep designs, develops, manufactures and commercializes
technologies to separate oil, water and gas generated by oil and gas production.
For more information, please visit www.prosep.com. 


Caution concerning forward-looking statements

This press release may contain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements can generally be identified
by the use of the conditional tense, the words "may", "should", "would",
"believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee",
"objective" or "continue" or the negative of these terms or variations of them
or words and expressions of similar nature. In particular, forward-looking
statements regarding ProSep's plans for its business development strategy,
anticipated customer orders, sales and revenues, financial and operational
projections and anticipated results, anticipated results of field testing with
potential customers and expected benefits of ProSep's proprietary technologies;
and anticipated impact on ProSep of the factors discussed under the heading
Selected Risks in the latest management discussion and analysis document
("MD&A"). These forward-looking statements are based on, among other things,
management's assumptions, expectations, estimates, objectives, plans and
intentions as of the date hereof pertaining to, but not limited to demand for
ProSep's solutions, projected revenues and expenses, the economic and industry
environments in which the Company operates or which could affect its activities,
the Company's ability to attract new customers, projected operating costs and
cost of raw materials and energy supply, expected timing and amount of capital
expenditures program of ProSep's potential customers, target market acceptance
of ProSep's solutions, current and future solutions performance, evolving market
conditions for oil & gas producers; and success of commercialization approach
and strategic partnership initiatives. Although ProSep believes that the
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking
statements because ProSep can give no assurance that they will prove to be
correct. Because forward-looking statements address future events and
conditions, by their very nature they involve numerous inherent risks and
uncertainties that contribute to the possibility that the forward-looking
statements may prove to be incorrect.

ProSep cannot assure investors that any of these forward-looking statements will
prove to be accurate. Further, if any of these statements are inaccurate, the
inaccuracy may be material. Actual performance and results could differ
materially from those currently anticipated in the forward-looking statements
due to a number of factors and risks. Some of the factors that could cause such
differences include, but are not limited to uncertainty as to market acceptance
of new solutions and possible technological change, competition, economic
environment and especially conditions in the oil & gas industry, legislative or
regulatory developments, ProSep's ability to penetrate core markets, expand into
new markets and manage future growth, the need for additional financing and
uncertainties as to access to sufficient capital financing on acceptable terms,
uncertainty as to achievement of profitability and ability to meet cash
requirements, availability and retention of management and key personnel, the
long sales and implementation cycles for ProSep's solutions, reliance on major
customers, manufacturing, project execution, product defect and product
liability risks, dependence on third party suppliers, exchange rate and currency
fluctuations, protection of ProSep's intellectual property rights; and risks
related to ProSep's foreign operations and compliance with anti-corruption and
anti-bribery laws. Assumptions, expectations and estimates made in the
preparation of forward-looking statements and risks that could cause actual
results to differ materially from current expectations are further discussed
under "Selected Risks" in the latest MD&A. In light of the significant risks and
uncertainties in these forward-looking statements, investors should not place
undue reliance on or regard these statements as a representation or warranty by
the Company or any other person that the Company will achieve its objectives,
strategies and plans in any specified time frame, if at all. The forward-looking
statements contained or incorporated by reference in this management discussion
and analysis relate only to events as of the date on which the statements are
made. Except as required under applicable securities legislation, the Company
does not undertake to update or revise these forward-looking statements, whether
as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ProSep Inc.
Investor Relations and Media:
Danielle Ste-Marie
VP Marketing & Corporate Development
(514) 522-5550 ext. 238
dste-marie@prosep.com

Purpose Conservative Inc... (TSX:PRP)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Purpose Conservative Inc... (TSX:PRP)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024