Loop Industries Inc V.LOOP

Primary Symbol: LOOP

Industrials Waste Management

Loop Industries, Inc. is a clean technology company. The Company owns patented technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Loop PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. The Company's Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from 100% recycled content.

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Loop Industries Inc

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Post by RockLobster1on Sep 16, 2016 9:55pm

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Post# 25247568

LOOP SAL amends agreement for the Acquisition of Affiliate

Friday, September 16, 2016

LOOP SAL amends agreement for the Acquisition of Affiliate

18:51 EDT Friday, September 16, 2016

(via Thenewswire.ca)

Shares Issued to Insider

Vancouver / TheNewswire / September 16, 2016 -- LOOPShare Ltd. (TSX-V: LUP) (the "Company" ) - a global provider of electric scooter shared fleet services and technology location-based and fleet Telematics services- today announced that it has amended the terms of its acquisition of Lebanon based affiliate Loop s.a.l. to reflect an increase in its value due to an additional US$610,000 of new investment.

LOOPShare has canceled warrants to acquire 4,223,030 common shares in exchange for the issuance of new warrants to acquire 8,424,943 common shares. The consideration upon exercise of the warrants is comprised of $US 1,280,000 in loans payable by Loop s.a.l. to the Holder along with the Holder's equity interest in Loop s.a.l., which currently represents 40% of the issued capital of Loop s.a.l.

The warrants may be exercised at any time prior to February 3, 2019 ("Maturity") at the option of the Holder. If at Maturity the warrants remain unexercised they will be automatically exercised, subject to regulatory requirements of the applicable jurisdictions.

Pursuant to an employment agreement with LOOPShare Ltd. President and CEO, Anwar Sukkarie, the Company will issue 375,000 common shares at the market price of the Company's common shares on the issue date, subject to final approval by the TSX Venture Exchange. The shares represent the first of two installments for regular employment earnings for 2016 payable in shares.

-Ends-

About LOOPShare Ltd.

LOOPShare Ltd. (TSX-V: LUP) a Vancouver company established in 2009 (formerly Known as Kenna Resources Corp.) and its wholly owned subsidiary Saturna Green Systems Inc. have commercialized a first generation, a wireless ruggedized 7" touchscreen dashboard with Telematics functionality for electric inner-city vehicles. LOOPShare's highly specialized display enables a broad range of services for consumer, tourism or commercial use.

LOOPShare's purpose is to develop and deploy connected end-to-end solutions for inner-city transportation vehicles, specifically geared toward Transportation as a Service ("TaaS"). Through Zone Operators worldwide, LOOPShare will implement TaaS solution to offer Commuter Convenience and Tourist applications to subscribers based on LOOPShare's commuter/tourism/business-focused, unique, state-of-the-art wireless two-wheel electric sharing technology. "Loop" is a trademark of LOOPShare Ltd. For further information, please visit www.loopscooters.com

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the shared transportation industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).

For further information on LOOPShare, please contact:

Press / Media Contact:

Anwar Sukkarie

+1 (604) 568-1598, asukkarie @saturnagreen.com

Investor Relations Contact: