DESG offers investors exposure to carbon credits, a key instrument used to reduce emissions of carbon dioxide and other greenhouse gases from industrial activities to reduce the effects of global warming.
Each DESG Financing Warrant will entitle the holder to purchase, upon exercise thereof, one DESG Subordinate Voting Share at a price of $1.50 per share for a period of 24 months from the closing date of the Proposed Transaction.
Each Finco Warrant will entitle the holder to purchase, upon exercise thereof, one Finco Share at a price of $1.50 per share for a period of 24 months from the closing date of the Proposed Transaction.
Pursuant to the Proposed Transaction, the Company will acquire all of the issued and outstanding Finco Shares by way of three cornered amalgamation each Finco Share will be cancelled and the former holders of Finco Shares will receive one Pubco Subordinate Voting Share for each Finco Share held.
. Through the DevvESG Platform, DESG can efficiently evaluate the quality of potential carbon offset projects and companies and thus is able to select the highest grade carbon credits for investment.
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.
Important factors that could cause actual results to differ materially from the expectations of the Company and DESG include the failure to satisfy the conditions to completion of the Proposed Transaction set forth above and other risks detailed from time to time in the filings made by the Company and DESG under securities regulations.
The forward-looking statements contained in this news release are made as of the date of this news release and the Company and DESG will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
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