HTC Purenergy Completes Acquisition of Carbon Capital Management Inc.
22 Décembre 2009 - 7:05PM
Marketwired
HTC Purenergy ("HTC" or "Corporation") (TSX-V: HTC) today announced
it has completed the previously announced acquisition of Carbon
Capital Management Inc. ("CCM"). HTC has acquired 90% of the issued
and outstanding shares of CCM and Front Street Capital 2004 has
retained the remaining 10%. In addition to providing HTC and Carbon
Rx Inc. owned products, services and technology rights including
trademarks, trade-secrets and processes to CCM, HTC has, as part of
the consideration, issued 100,000 units ("Unit") to Front Street
Capital 2004. Each Unit comprises one common share, and one common
share purchase warrant, entitling the holder to purchase one common
share at a price of $3.00 for a period of five years, expiring
December 15, 2014. The common shares are subject to a hold period
expiring April 22, 2010.
About HTC
HTC is a publicly traded (TSX-V: HTC) energy technology company
that is commercializing Carbon Capture and Carbon Management
Technologies for power generation, fuel processing and other
industrial carbon emitter facilities. HTC has strategically aligned
with and has licensed its CO2 capture technologies to world leading
energy infrastructure providers Doosan Babcock Energy/Doosan Heavy
Industries ("Doosan"), since September 2008. Doosan designs,
supplies and constructs advanced steam generation technology for
the power industry, developing some of the cleanest, most efficient
power generation plants in the world. Doosan is also a leading
energy services company operating in the thermal power, nuclear,
oil & gas and petrochemical industries. Doosan owns 15% of HTC
and holds a seat on HTC's board of directors.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE RELEASE.
HTC Purenergy corporate developments can be followed on
www.htcenergy.com and is traded under the symbol HTC
For more information contact: Jeff Allison HTC Purenergy
Telephone: (306) 352-6132 Fax: (306) 545-3262 E-mail:
jallison@htcenergy.com
HTC Purenergy (TSXV:HTC)
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