Outstanding Shares: 79,687,836
QUEBEC CITY, Feb. 25, 2014 /CNW/ - CO2 Solutions Inc. (TSX-V: CST), an innovator in the field of enzyme-enabled carbon capture technology, today announced that Leah C. Lawrence, P.Eng., M.Ec. has been appointed to the Corporation's Board of Directors effective February 24, 2014.
"Ms. Lawrence is a respected leader in renewable and alternative energy development in Western Canada," said Glenn Kelly, Chairman of the Board. "Given her expertise, she will be an important resource to assist in our effort to commercialize our technology in the oil sands and beyond."
Mrs. Lawrence currently serves as President of Clean Energy Capitalists Inc., a private company that helps develop renewable and alternative energy projects. Ms. Lawrence's board experience includes the Calgary Chamber of Commerce, where she is currently the Chair. She is also a past president and board chair of the Association of Professional Engineers and Geoscientists of Alberta (APEGA), and a past board member of the Alberta Economic Development Authority. She holds a Master's degree in Economics from the University of Calgary and a Bachelor of Applied Science degree from the University of Regina.
In connection with her appointment, Ms. Lawrence has been granted 10,000 stock options to purchase CO2 Solutions Inc. common shares exercisable at a price of $0.10.
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 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. Certain unknown factors may affect the events, economic performance and results of operation described herein. 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.
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