Products You May Like
CALGARY, Alberta, Might 28, 2021 (GLOBE NEWSWIRE) — As regards to its prior information launch dated February 10, 2021, March 12, 2021, March 16, 2021, April 8, 2021 and April 30, 2021, Saint Jean Carbon Inc. (“Saint Jean” or the “Firm”) (TSX-V: SJL) is happy to announce that it has closed the acquisition of Strong Ultrabattery Inc. (“SUB”), a non-public Ontario firm concerned within the analysis and growth of stable state batteries (the “Acquisition”). Saint Jean funded the Acquisition by issuing 22 million widespread shares within the capital of the Firm (the “Frequent Shares”) at a value of $0.06 per Frequent Share for a deemed combination buy value of CAD $1,320,000.
Dr. Zhongwei Chen, Canada Analysis Chair on the College of Waterloo, is a number one researcher in stable state battery expertise. His firm (SUB) has made prototypes of this battery and is at the moment validating the expertise as he continues to advance his formulations to commercialization. The purpose is to develop a state-of-the-art battery design which exceeds the efficiency of current applied sciences. Dr. Chen was appointed to the Board of Administrators of Saint Jean on the closing of the Acquisition and can proceed to guide the analysis and growth (R&D) efforts at SUB. Saint Jean, in shut collaboration with Dr. Chen, is at the moment planning to fee a prototype battery R&D facility close to the Waterloo area. Additional data on this growth shall be introduced shortly. Particulars of this acquisition might be discovered at Saint Jean’s web site https://www.saintjeancarbon.com.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science firm, with particular pursuits in vitality storage and inexperienced vitality creation and inexperienced mining strategies, with holdings in mining claims within the province of British Columbia in Canada. For the most recent data on Saint Jean’s properties and information please seek advice from the web site: https://www.saintjeancarbon.com/
On behalf of the Board of Administrators
Saint Jean Carbon Inc.
William Pfaffenberger, Chairman of the Board and President
Info Contact:
E mail: data@saintjeancarbon.com
Tel: (250) 381-6181
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
FORWARD LOOKING STATEMENTS: This press launch comprises forward-looking statements, inside the which means of relevant securities laws, regarding Saint Jean’s enterprise and affairs. In sure circumstances, forward-looking statements might be recognized by way of phrases resembling ‘‘plans’’, ‘‘expects’’ or ‘‘doesn’t count on’’, “intends” ‘‘price range’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such phrases and phrases or state that sure actions, occasions or outcomes ‘‘could’’, ‘‘may’’, ‘‘would’’, ‘‘may’’ or ‘‘shall be taken’’, ‘‘happen’’ or ‘‘be achieved’’.
These forward-looking statements are based mostly on present expectations, and are naturally topic to uncertainty and adjustments in circumstances which will trigger precise outcomes to vary materially. Though Saint Jean believes that the expectations represented in such forward-looking statements are cheap, there might be no assurance that these expectations will show to be appropriate. Such statements embody statements with respect to the plan to fee a prototype battery R&D facility close to the Waterloo area. Statements of previous efficiency shouldn’t be construed as a sign of future efficiency. Ahead-looking statements contain important dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not or not such outcomes shall be achieved. A variety of components, together with these mentioned above, may trigger precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements. Any such forward-looking statements are expressly certified of their entirety by this cautionary assertion.
All the forward-looking statements made on this press launch are certified by these cautionary statements. Readers are cautioned to not place undue reliance on such forward-looking statements. Ahead-looking data is offered as of the date of this press launch, and Saint Jean assumes no obligation to replace or revise them to mirror new occasions or circumstances, besides as could also be required beneath relevant securities laws.
