CO2 Solutions Announces its Intention to Issue Shares in Payment of Interest on Outstanding Convertible Debentures
Outstanding shares: 99,920,169
QUEBEC CITY, Aug. 4, 2014 /CNW Telbec/ - CO2 Solutions Inc. ("CO2 Solutions" or the "Corporation") announces that it intends to issue 574,457 common shares of the Corporation (the "Common Shares") at a deemed price per share of $0.186 in payment of $106,849 in interest owing on the Corporation's 10% convertible unsecured subordinated debentures due June 30, 2016 (the "Convertible Debentures"). Under the terms of the Convertible Debentures, the Corporation has the option to pay annual interest on the Convertible Debentures in either cash or Common Shares. The issuance of the Common Shares in payment of interest on the Convertible Debentures is subject to the approval of the TSX Venture Exchange Inc.
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 its 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 CO2 mitigation tool, as well as enabling industry to derive profitable new products from these emissions. CO2 Solutions 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 low‐energy aqueous solvents. Further information can be found at www.co2solutions.com.
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These statements relate to future events or CO2 Solutions' future economic performance and reflect the current assumptions and expectations of management. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, general business and economic uncertainties and adverse market conditions as well as those risks set out in the Corporation's public documents filed on SEDAR. Readers are cautioned not to place undue reliance on such forward-looking statements. CO2 Solutions undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
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 this release.
SOURCE CO2 Solutions Inc.For further information: Investor and Media Contact: Thom Skinner, 418-842-3456, ext. 223, firstname.lastname@example.org, www.co2solutions.com