SustainCo Inc. Announces Proposed Sale of Common Shares by Alter NRG Corp.
13 Setembro 2013 - 4:13PM
Marketwired Canada
SustainCo Inc. (the "Corporation" or "SustainCo") (TSX VENTURE:SMS) announced
today that Alter NRG Corp. ("Alter") has filed a notice of intention to
distribute securities (Form 45-102F1) in connection with the proposed sale, by
private agreement, of 10 million common shares of the Corporation (representing
34% of the issued and outstanding common shares), of which 6 million common
shares are subject to an Escrow Agreement (Form 5D) (the "Escrowed Shares"). The
transfer of the Escrowed Shares is subject to the approval of the TSX Venture
Exchange.
As at September 13, 2013 there were 29,440,217 issued and outstanding common
shares in the capital of the Corporation. The Corporation has outstanding
options to purchase an aggregate of 2,570,440 common shares, outstanding
warrants to purchase an aggregate of 7,322,492 common shares, and outstanding
agent options to purchase an aggregate of 1,363,118 common shares (assuming
warrants obtained from exercising of the agent options are also exercised).
About SustainCo
SustainCo is a leading provider of sustainable infrastructure solutions and
services. SustainCo solutions and services offer long-term customer value and
environmental sustainability through a broad offering including alternative
energy solutions, energy efficiency, innovative facility technology solutions,
and facility maintenance services to customers in the multi-residential and ICI
"industrial commercial and institutional" sectors across Canada. SustainCo
focuses on both new build and retrofit markets.
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 Corporation 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 Corporation's plans and expectations. These plans,
expectations, risks and uncertainties are detailed herein and from time to time
in the filings made by the Corporation with the TSX-V and securities regulators.
The Corporation does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. Trading in the securities of the
Corporation should be considered highly speculative. All forward-looking
information contained in this news release is expressly qualified in its
entirety by this cautionary statement.
Neither the TSX-V, nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
SustainCo Inc.
Emlyn David
President, Chief Executive Officer, and Chairman
(416) 840-5002
Sustainco (TSXV:SMS)
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