GREY:COSLF Forum Topic | m8magic-28025900 | we are going to be well over

Post by m8magic on May 14, 2018 9:38am

we are going to be well over

25 cents within a month...20 million reasons below if you read it

CO2 Solutions Announces Amendment to Warrants

TSX-V: CST

QUEBEC CITY, May 29, 2017 /CNW Telbec/ - CO₂ Solutions Inc. (TSXV: CST) ("CO₂Solutions" or the "Corporation"), leader in the field of enzyme-enabled carbon capture technology, today announced that it intends to file an application with the TSX Venture Exchange ("TSX-V") to extend the expiry date of common share purchase warrants of the Corporation originally issued in the context of a private placement of units on July 3 and July 17, 2014 (the "Warrants").

Each Warrant entitles the holder to purchase one common share of the Corporation at a price of $0.25 per common share. A total of 20,232,333 Warrants remain outstanding as of the date hereof and are scheduled to expire on July 3, 2017. As a result of market conditions during the term of the Warrants and the capital raising opportunity represented by the Warrants, the Board of Directors of the Corporation has approved the extension of the original expiry date of the Warrants so that the term will be extended by twelve (12) months from July 3, 2017 to July 3, 2018. The other terms of the Warrants, including the exercise price, will remain unchanged. The extension of the expiry date of the Warrants is subject to the approval of the TSX-V.

2,933,333 Warrants are held by persons who are considered "related parties" of the Corporation. Therefore, the amendment of the Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions (Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions in Quebec) ("MI 61-101"). The amendment of the Warrants is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities held by the related parties nor the consideration being paid by related parties will exceed 25% of the Corporation's market capitalization.

About CO₂ Solutions Inc.
CO₂ Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution. CO₂ Solutions' technology lowers the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU), positioning it as a viable CO₂mitigation tool, as well as enabling industry to derive profitable new products from these emissions. CO₂Solutions has built an extensive patent portfolio covering the use of carbonic anhydrase, or analogues thereof, for the efficient post-combustion capture of carbon dioxide with lowenergy aqueous solvents. Further information can be found at www.co2solutions.com