Enters into Arrangement Agreement for Going-Private Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") and NOVA Infrastructure Fund II, LP, through its affiliated purchaser entity 1000896425 Ontario Ltd. (the "Purchaser"), announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company (the "Common Shares") pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").