Bullboard - Stock Discussion Forum Northstar Clean Technologies Inc V.ROOF

Alternate Symbol(s): ROOOF

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Northstar Clean Technologies Inc. is a Canada-based clean technology company. The Company is focused on sustainable recovery and reprocessing of asphalt shingles. The Company, through its wholly owned subsidiary Empower, has developed a design process technology, the Bitumen Extraction and Separation Technology (BEST), at its Empower Pilot Facility for taking discarded or defective single-use... see more

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TSXV:ROOF - Post Discussion

Northstar Clean Technologies Inc > NORTHSTAR ANNOUNCES CLOSING OF $14.0 M ROYALTY TRANSACTION

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Post by Betteryear2 on Sep 16, 2024 9:06am

NORTHSTAR ANNOUNCES CLOSING OF $14.0 M ROYALTY TRANSACTION

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC and CALGARY AB, Sept. 16, 2024 /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to confirm the closing of the previously announced $14.0 million royalty transaction (the "Transaction") with CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) ("CVW CleanTech") announced on August 7, 2024. The Transaction funded as a five-year 10.0% second secured convertible debenture (the "Royalty Debenture") convertible into revenue royalties on two Northstar facilities and will accelerate the development of Northstar's next two shingle reprocessing facilities following the completion of its first asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary Facility"). For additional details regarding the Transaction and the terms of the Royalty Debenture, please refer to the Company's news release dated August 7, 2024, which is available under the Company's profile on www.sedarplus.ca.

NORTHSTAR ANNOUNCES CLOSING OF $14.0 MILLION ROYALTY TRANSACTION WITH CVW CLEANTECH (newswire.ca)