Xebec Announces Closing of $28 Million Upsized Bought Deal Financing and Concurrent Block Trade - Seite 2
Immediately prior to the Concurrent Block Trade, Kurt Sorschak had beneficial ownership of, or control and direction over 9,508,455 common shares, representing approximately 10.3% of the issued and outstanding common shares (prior to the closing of the Offering). Kurt Sorschak sold 2,000,000 common shares pursuant to the Concurrent Block Trade for gross proceeds of $7,200,000. Immediately following the Concurrent Block Trade and after giving effect to the Offering, Kurt Sorschak has beneficial ownership of, or control and direction over 7,508,455 common shares, representing approximately 7.5% of the issued and outstanding common shares.
For further information and to obtain a copy of the early warning report to be filed under applicable Canadian securities laws in connection with the foregoing matters, please see the Corporation’s profile on SEDAR at www.sedar.com or contact the Investor Relation Manager of the Corporation at the below coordinates. The Corporation’s head and registered office is located at 730, Industriel Blvd., Blainville, Québec, J7C 3V4.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
1.450.979.8700 ext 5762
Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with
proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities
looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing
facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.