Stock symbol : CST
Outstanding shares: 26,530,779
QUEBEC CITY, Nov. 29 /CNW Telbec/ - CO2 Solution Inc. ("CO2 Solution")
has obtained the receipt for the final prospectus from the authorities in
transferable securities of QuDebec, Alberta, British-Columbia and Ontario for
an additional public offering.
- The offering qualifies a maximum of $7,000,000 and a minimum of
$3,000,000 at a price of $0.65/Unit.
- Each unit is composed of one common share and one-half warrant. Each
complete warrant confers on its carrier to subscribe, at any time no
later than 18 months following the closing of the offering, to one
common share at an exercise price of $0.85 per share.
- Valeurs MobiliGeres Desjardins Inc. acts as the agent.
- CO2 Solution has obtained from the "ministGere du Revenu du QuDebec" an
anticipated decision attesting that the common shares constitute an
acceptable placement at ends of inclusion in the Quebec SME Growth
Stock Plan.
The net proceeds of the offering will be mainly dedicated to the
continuation of the pre-marketing (agreements with strategic partnerships
and/or licenses for the use of the technology), work on the development of
it's technology as well as to finance the administrative activities.
About CO2 Solution
CO2 Solution is an environmental biotechnology company that offers
products and services related to the management and reduction of CO2 in the
context of climate change.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein and accepts no responsibility for it.
