Toronto, March 2, 2022 (GLOBE NEWSWIRE) — Base Carbon Inc. (including its subsidiaries, “Base carbon” or “society”) Is pleased to announce the achievement of several key objectives, including final approval to open a transaction at Neo Exchange Inc. (“NEO Exchange”), Completion of Phase 2 of the phased acquisition of Hardwick Climate Business Limited (“HCBL”) And the conclusion of a carbon reduction project contract.
“These three key milestones represent an important part of the evolution of base carbon. As a public company, we look forward to pursuing a carbon-focused business plan.” CEO Michael Costa Said.
NEO exchange list
Base Carbon has received final approval for listing on the NEO Exchange and will begin trading under the “BCBN” symbol on March 3, 2022. We have submitted a listing statement in accordance with the policies of the NEO Exchange available under the Base Carbon SEDAR profile. www.sedar.com..
Completion of Phase 2 of HCBL acquisition
On March 1, 2022, Base Carbon acquired an additional 30% of HCBL, with total ownership of 49.9% in accordance with the planned phased acquisition set forth in the terms of the investment agreement between HCBL and Base Carbon. became. HCBL’s team of carbon, environmental market, and energy experts work with Base Carbon to procure large-scale carbon reduction projects from a pipeline of over 50 potential carbon reduction projects across different geographic locations. And developing. Regarding the relationship between Base Carbon and HCBL, www.sedar.com..
Early carbon reduction project
Base Carbon has signed a project agreement with DelAgua Group (“DelAguaAnd as part of an extension to Del Agua’s existing carbon credit registration project, 8.75 million to fund the production, distribution and monitoring of approximately 250,000 fuel-efficient cooking stoves throughout Rwanda’s rural areas. Donate US dollars. Check the company list statement available at for more information. www.sedar.com..
About base carbon
Base Carbon operates to provide capital, development expertise, and management and operational resources for projects primarily involving the voluntary carbon market and the broader ESG economy. Base Carbon aims to be a preferred carbon project partner in providing capital and development resources to global carbon projects, increasing efficiency, commercial credibility and transaction transparency as needed. To that end, we strive to leverage the technologies within the evolving carbon industry. The Base Carbon leadership team consists of the following members:
- Michael Costa — Chief Executive Officer, Director, and Chairman of the Board
- Wes Fulford – Chief Financial Officer
- Philip Hardwick — Chief Operating Officer
- Andrew Fedak — Chief Strategy Officer and Director
- Ryan Hornby — Chief Legal Officer and Corporate Secretary
- Bruce Tozer — Director
- Margot Naudie — Director
- Catherine Flux — Director
- Maryam Ayati — Director
For more information, please visit: www.basecarbon.com.
Manager, Investor Relations
Tel: +1 647 264 5305
This press release is headed by Chief Financial Officer Wes Fulford and Chief Legal Officer Ryan Hornby.
The NEO Exchange has not inherited any of the benefits or listings of the Company and has not endorsed or denied the content of this news release.
Precautions regarding future prospects
This news release contains “Future Outlook” in the sense of applicable securities law relating to the listing and trading of shares on the NEO Exchange, the focus of Base Carbon’s business, and the conclusion of Phase 2 agreements with HCBL. Information “is included. Such forward-looking statements can be identified by expressions such as “expect”, “expect”, “intention”, “think”, “believe”, “project”, and “plan”. Readers should be careful not to place excessive reliance on forward-looking statements. In particular, the statements detailing expected listings and transactions on the NEO exchange, Base Carbon’s strategic plans, and the conclusion of Phase 2 contracts with HCBL are all forward-looking information. These statements should not be read as a guarantee of future performance or results. Such statements include known and unknown risks, uncertainties, and other sources that may cause actual results, performance, or outcomes to differ materially from those implied by such statements. Factors are included. While such statements are based on management’s reasonable assumptions, there is no guarantee that the listing and trading of Base Carbon shares will be completed under the above conditions and timing. Base Carbon is not responsible for updating or revising forward-looking information to reflect new events, circumstances, or actual results, except as required by applicable law. When available, readers are encouraged to refer to the list statement for information on risks and other factors that may affect Base Carbon’s business goals and strategic plans.
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Base Carbon final listing approval, strategic investment termination, Carbon project agreement announced, Canadian Business Journal
Source link Base Carbon final listing approval, strategic investment termination, Carbon project agreement announced, Canadian Business Journal