MONTREAL, Dec. 23, 2013 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and
hydrogen purification and filtration solutions for the clean energy and
crude-derived fuels displacement markets, announced today the transfer
of its listing from the TSX to the TSX Venture Exchange ("TSXV"), to be
made effective on December 24, 2013. Xebec's common shares listed on
the TSXV will continue to trade under the symbol "XBC" commencing on
that date. Therefore, the TSX delisting review announced on September
18, 2013 is now completed by the listing of Xebec's common shares on
Xebec also announced today that its Board of Directors has approved
amendments to the Xebec Adsorption 2013 Amended and Restated Omnibus
Plan (the "Plan") that were required to comply with TSXV requirements.
In accordance with the provisions of the Plan, the amendments did not
require shareholder approval but required acceptance by the TSXV. The
amendments include renaming the Plan as the "Xebec Adsorption Stock
Option Plan" and moving from a rolling 15% of stock options available
for issuance to a fixed number of 5,904,580 Common Shares available for
The Board of Director's decision to amend the Plan comes after Xebec's
announcement on November 11, 2013, to initiate the process of listing
its Common Shares with the TSX-V.
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of clean energy solutions to
corporations and governments looking to reduce their carbon footprints.
With more than 1,300 customers worldwide, Xebec designs, engineers and
manufactures innovative products that transform raw gases into
marketable sources of clean energy mainly used as transportation fuel.
Xebec's strategy is focused on establishing leadership positions in
markets where demand for biogas upgrading, natural gas dehydration,
liquefaction and hydrogen purification and filtration is growing.
Headquartered in Montreal (QC), Xebec is a global company with two
manufacturing facilities in Montreal and Shanghai, as well as a sales
and distribution network in North America and Asia. Xebec trades on the
TSX under the symbol XBC. For additional information on the company and
its products and services, please visit the Xebec web site at www.xebecinc.com.
Caution Concerning Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements within the meaning of applicable
securities laws. This forward looking information includes, but is not
limited to, the expectations and/or claims of management of Xebec with
respect to information regarding the business, operations and financial
condition of Xebec. Forward-looking information contained in this press
release involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of Xebec or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. This list is not exhaustive of the
factors that may affect forward-looking information contained in this
press release. When used in this press release, such statements use
such words as "anticipate", "believe", "plan", "estimate", "expect",
"intend", "may", "will" and other similar terminology. These statements
reflect current expectations regarding future events and operating
performance and speak only as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties,
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors could cause actual
results to differ materially from the results discussed in the
SOURCE: Xebec Adsorption Inc.
For further information:
President and CEO
Chief Financial Officer