HTC Purenergy Inc. (dba "HTC Purenergy") Announces Warrant Amendment
posted on May 23, 2009 12:54PM
Edit this title from the Fast Facts Section
|REGINA, SASKATCHEWAN--(Marketwire - May 22, 2009) - HTC Purenergy ("HTC") (TSX VENTURE:HTC) is pleased to announce that it will, conditional upon all necessary regulatory approvals: extend the terms of the common purchase warrants ("Warrants") issued on October 12, 2007, to expire on October 12, 2010; and delete the acceleration event clause which provided that the exercise period for the Warrants will be accelerated, subject to standard notice terms and exercise conditions, if the Common Shares of HTC trade on a recognized stock exchange at or above a price of $5.00 for 20 or more consecutive trading days. Each Warrant entitles the holder to purchase one additional Common Share at a price of $3.00 per Common Share.
The amendments have been approved by all the warrant holders and the board of directors of HTC.
About HTC Purenergy
HTC is an energy technology company that commercializes carbon dioxide capture and storage technologies for Enhanced Oil Recovery and geological sequestration. The Corporation's mandate is to deliver Carbon Clear Solutions in order to solve the pending challenges of energy security and the impact of greenhouse gas emissions. For more information visit www.htcenergy.com.
HTC Purenergy corporate developments can be followed on www.htcenergy.com and is traded under the symbol HTC.