RE:RE:RE:RE:Time to deliver the goods News re EBH2:
HPQ-Silicon, EBH2 Systems licence agreement
2021-09-30 18:28 ET - Property Agreement
The TSX Venture Exchange has accepted for filing the documentation relating to an agreement dated Sept. 18, 2021, between the company and EBH2 Systems SA (the vendor), in connection with the acquisition of a worldwide licence granted by the vendor to sell the products in which the EBH2 generators are incorporated in the company's technologies and exclusively used to supply autonomously the technologies of the company. The agreement also provides the right to hold a 50-per-cent ownership with the vendor in a Canadian company that will be created by the company, that will be in charge of commercializing, selling and maintaining the EBH2 systems and products in North America, and that will be granted by the vendor a permanent licence for the commercialization, sale and servicing of the EBH2 systems and products in North America.
Pursuant to the agreement, the company will have to issue 10 million common shares, issue 10 million common share purchase warrants and pay $500,000 (U.S.). Each warrant will allow its holder to acquire one common share of the company at a price of 75 cents per share for a period of 36 months following the closing of the transaction.
For further information, please refer to the company's news releases dated Aug. 24, 2021, and Sept. 29, 2021.
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