QUÉBEC CITY, Sept. 17,
2013 /CNW Telbec/ - Innovente Inc. (TSXV: IGE) ("Innovente"
or the "Corporation") announces that it has issued non-transferable
warrants to Investissement Québec ("IQ") relating to the loan
previously announced in the aggregate amount of $2,000,000 granted by IQ to Innoventé and as part
of the first disbursement made under the terms of the loan. These
warrants will entitle IQ to subscribe to up to 470,588 common
shares of Innoventé at a price of $0.85 per share, proportionally with the
disbursements that will be made by IQ in favour to the Corporation
for a period of 36 months following each disbursement, but no later
than December 1, 2018.
In addition, the Corporation has granted an
aggregate of 125,000 stock options to one of its officers. Each
stock option entitles the holder thereof to subscribe to one common
share of the Corporation at a price of $0,55 per share and may be exercised during a
period of 116 months from the grant date. Such options will vest
over a period of 44 months and are governed by the stock option
plan of the Corporation.
About Innoventé
Based in Québec City, Innoventé produces
renewable energy and provides communities with a green and
sustainable solution for the management of organic residues through
its technology patented in Canada
and the United States. Innoventé's
shares are listed on the TSX Venture Exchange under the symbol IGE
(TSXV: IGE) innovente.ca
Caution Regarding Forward-Looking
Information
Certain statements contained in this document,
including those that express management's expectations or estimates
regarding the Corporation's future performance, are
"forward-looking information" within the meaning of applicable
securities legislation. Forward-looking information is
necessarily based on a certain number of estimates and assumptions
which, while considered plausible by the management when they are
made, are inherently subject to significant commercial, economic
and competitive risks and uncertainties. We advise investors not to
rely unduly on forward-looking information. The Corporation further
declines any intention or obligation to publicly update this
forward-looking information, whether due to new information, or
future or other events.
Neither the TSX Venture Exchange nor its
regulation service provider (as these terms are defined in policies
of the TSX Venture Exchange) bears responsibility for the adequacy
or accuracy of this press release.
SOURCE Innoventé Inc.