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Quebec City, Quebec, June 22, 2018 – CO₂ Solutions Inc. (“CO₂ Solutions” or the “Corporation”) (TSX-V: CST) today announced that it has issued 200,000 common share purchase warrants of the Corporation (the “June 2018Warrants”) to Cleveland, Ohio-based Cleveland Gas Systems, LLC, dba GasTran Systems (“GasTran”).
The June 2018 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 2018 Warrant entitles its holder to acquire one common share of the Corporation at a price of $0.20 per share until June 22, 2021 or until the Agreement is terminated in certain circumstances and is subject to a 4-month statutory hold period until October 23, 2018.
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, Utilization and Sequestration (CCUS), 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. 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
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