Outstanding shares: 79,187,836
QUEBEC CITY, Sept. 10, 2012 /CNW/ - CO2 Solutions Inc. (TSX-V: CST) ("CO2 Solutions" or the "Corporation"), an innovator in the field of enzyme-enabled carbon capture technology, announced today that Dr. Alan Shaw has resigned from the Company's Board of Directors.
Dr. Shaw represented Codexis, Inc. ("Codexis") on CO2 Solutions' Board pursuant to a subscription agreement entered into between the two companies on December 15, 2009. As part of that agreement Codexis acquired 10,000,000 common shares of CO2 Solutions by way of private placement, and CO2 Solutions agreed to allow Codexis to nominate a representative to the CO2 Solutions Board of Directors subject to certain conditions. Given Dr. Shaw's resignation as President and CEO of Codexis earlier this year, Codexis has indicated to the Corporation that it will be nominating a new representative to the CO2 Solutions Board to replace Dr. Shaw in due course.
"We wish to thank Dr. Shaw for his contributions to CO2 Solutions during his tenure and wish him well as he pursues his interests outside of Codexis," said Evan Price, Chairman of CO2 Solutions' Board of Directors.
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 operations 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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