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QUEBEC CITY, June 30, 2016 /CNW/ - CO2 Solutions Inc. ("CO2 Solutions" or the "Corporation") (TSX-V: CST), the leader in the field of enzyme-enabled carbon capture technology, today announced that it has issued 200,000 common share purchase warrants of the Corporation to Cleveland, Ohio-based Cleveland Gas Systems, LLC, dba GasTran Systems ("GasTran") (the "June 2016 Warrants").
The June 2016 Warrants were issued pursuant to the terms of the exclusive collaboration agreement with GasTran (the "Agreement"), the terms of which are described in the news release issued by the Corporation and GasTran on June 22, 2015.
Each June 2016 Warrant entitles its holder to acquire one common share of the Corporation (a "Common Share") at a price of $0.20 per Common Share until June 30, 2019 or until the Agreement is terminated in certain circumstances and is subject to a 4 month statutory hold period until October 30, 2016.
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 the 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 lowenergy 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 or operational performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operation described herein, including 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 Relations and Media Contact: CO2 Solutions: Thom Skinner, 418-842-3456, ext. 223, firstname.lastname@example.org, www.co2solutions.com; NATIONAL Equicom: Marc Lakmaaker, 416-848-1397, MLakmaaker@national.ca