Received by email:
File: 2019-05-24 NR re PP.pdf
News Release
News Release
For Immediate Release May 24, 2019
HTC Purenergy Inc. (dba "HTC Extraction Systems") Announces Proposed Private Placement
Regina, Saskatchewan - HTC Extraction Systems ("HTC") announces that, conditional upon TSX Venture
Exchange Inc. approval, it will issue 29,300,000 units ("Units") at a price of $0.10 per Unit, for the gross
proceeds of $2,930,000 ("Private Placement"). Each Unit will consist of one common share ("Common
Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will entitle the holder to
purchase one Common Share of HTC at $0.15 per Common Share for a period of five years after the date
of issuance. Warrants are convertible by HTC, in its discretion, into Common Shares at the conversion price
of $0.15 per common share in the event that the Common Shares trade at $0.80 or more for 20 or more
consecutive trading days on the TSX Venture Exchange Inc.
The Private Placement is a non-brokered Private Placement. Currently HTC has 38,663,741 common
shares issued and outstanding. After issuance, HTC will have 67,963,741 common shares issued and
outstanding.
Proceeds of the Private Placement will be used for business development, including hemp biomass toll
extraction, processing and general corporate purposes.
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.
For more information contact:
Jeff Allison, HTC
Telephone: (306) 352-6132
Fax: (306) 545-3262
E-mail: jallison@htcenergy.com
HTC corporate developments can be followed on www.htcextraction.com and is traded under the symbol
HTC
© 2024 Canjex Publishing Ltd. All rights reserved.