EV Technology Group Files Preliminary Base Shelf Prospectus To Raise Up To C$50 Million To Execute Its Growth Plans, Canadian Business Journal

TORONTO, October 25, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd.Company” Also “EV Technology Group) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) today announced that it has filed a preliminary base shelf prospectus (“base shelf prospectus“) with the securities regulators of Alberta, Ontario and British Columbia.

Base Shelf Prospectus (when effective) represents up to C$50 million of our common stock, debt securities, subscription receipts, warrants and units (collectively, “Securities”) or any combination thereof for the 25 month period during which the Base Shelf Prospectus is in effect. The specific terms of the future offering of securities will be set forth in a supplemental prospectus to the Base Shelf Prospectus. This prospectus will be filed with the applicable Canadian securities regulators in connection with such offering.

EV Technology Group files preliminary base shelf prospectus to raise up to C$50 million to execute on its growth plans

Wouter Witvoet, CEO of EV Technology Group, said: “This is an important milestone for our company as we look to our next phase of growth. We look forward to making it possible.”

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of securities. I don’t even do it. the securities laws of such jurisdictions;

The securities are not registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, and no sale of securities shall be made in any state or jurisdiction where such offer, solicitation or sale would be unlawful.

A copy of Base Shelf Prospectus is available at SEDAR (www.sedar.com).

EV Technology Group
EV Technology Group was founded in 2021 with a vision to electrify iconic brands and a mission to redefine the joy of driving for the electric age. By acquiring iconic brands and bringing beloved automotive experiences into the electric age, EV Technology Group is driving his EV revolution. Backed by a diverse team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group acquires and partners with iconic brands with significant growth potential in their own markets to deliver end-to-end Create value for your customers by owning the total customer experience by managing ability. See below for more information. https://evtgroup.com/

media
Rachel D’Amore
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PR for investors
Dave Gentry
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EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
[email protected]

Forward-Looking Information

This news release contains forward-looking statements, including, but not limited to, the completion of the acquisition of Fablink Group Holdings Ltd., information regarding the amount and terms of the securities offering under the Base Shelf Prospectus, and the effectiveness of the Base. is not limited to Issuing prospectuses, filing prospectus supplements, and company business and strategic plans. Often, but not always, these forward-looking statements are “estimate,” “may,” “open,” “future,” “anticipate,” “project,” “use,” ‘, ‘was’, ‘obtained’, ‘planned’, ‘reflects’, ‘will’, ‘contains’, ‘remains’, ‘becomes’, or event Statements that “could occur” or “should occur” or similar expressions that include negative variations to be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and the possibility that our actual results, performance or achievements may differ materially from those expressed or implied by forward-looking statements. There are other factors involved. Factors described under “Risk Factors” in filings and Company Annual Information Forms. Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking statements, the actions, events or results There may be other factors that cause results to differ from expectations, estimates or results. was intended.

Forward-looking statements involve significant risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to differ materially from those discussed or implied by forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this news release are based on what management believes to be reasonable, the Company cautions the reader that its actual results will be consistent with these forward-looking statements. It cannot be guaranteed. Forward-looking statements contained herein are made as of the date hereof, and the company does not reserve the right to update information, future events or results, except as required by law. , or otherwise disclaims any obligation to update any forward-looking statements. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results or future events could differ materially from those anticipated by such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

NEO Stock Exchange does not take responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c4f1f02-5c1b-4caf-b256-8026726b6c7d.

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