ME2C Environmental Receives Dollar for Dollar Credit Reducing Remaining Debt With Its Principal Financial Partner
ME2C Environmental Receives Dollar for Dollar Credit Reducing Remaining Debt With Its Principal Financial Partner
Company Facilitates Sale of Initial Block of Shares for Principal Financial Partner
公司为主要财务伙伴出售初始股份提供便利
Corsicana, Texas--(Newsfile Corp. - March 19, 2024) - Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental " or the "Company"), a leading environmental technologies firm, announced today that the Company will be receiving a credit of $960,000 against the remaining outstanding principal balance of the unsecured note held by its principal financial partner.
德克萨斯州科西卡纳--(Newsfile Corp.,2024年3月19日)——中西部能源排放公司(TSXV:MEEC)(OTCQB:MEEC)(“我2领先的环境技术公司C Environmental”(或 “公司”)今天宣布,该公司将从其主要财务伙伴持有的无抵押票据的剩余未偿本金余额中获得96万美元的信贷。
As part of the debt restructuring previously reported, the Company has been granted the ability to facilitate the sale of certain shares of common stock held by the lender through the end of 2024 and would be entitled to receive dollar for dollar credits based upon the amount received by such lender. On March 11, 2024, the private sale of certain restricted shares held by the lender to certain unaffiliated third parties was completed which entitled the Company to receive the credit being announced today.
作为先前报告的债务重组的一部分,公司已获准在2024年底之前为出售该贷款机构持有的某些普通股提供便利,并将有权根据该贷款机构收到的金额获得美元信贷。2024年3月11日,该贷款机构向某些非关联第三方私下出售某些限制性股票的工作已经完成,这使公司有权获得今天宣布的信贷。
The Company indicated that any further sales of stock held by the lender facilitated by the Company through the end of 2024 will entitle the Company to receive a dollar for dollar credit against the non-recourse profit share held by the lender.
该公司表示,在2024年底之前,该贷款机构在公司推动下持有的股票的任何进一步出售都将使公司有权获得一美元的美元信贷,抵消该贷款机构持有的无追索权利润份额。
Richard MacPherson, Chief Executive Officer of ME2C Environmental, stated, "Following the recent announcement of this restructured debt arrangement with our financial partner which provided millions of dollars of benefits immediately, we have now additionally reduced the remaining outstanding principal balance owing by an additional $960,000 as a result of this private sale of restricted stock offered to friends and family being announced today. We remain committed to continuing our efforts to further reduce and ultimately eliminate any remaining debt obligations with this lender."
理查德·麦克弗森,ME 首席执行官2C Environmental表示:“在最近宣布与我们的金融合作伙伴达成的重组债务安排后,我们立即提供了数百万美元的福利,由于今天宣布向朋友和家人私下出售限制性股票,我们现在还将剩余的未偿本金余额额外减少了96万美元。我们仍然致力于继续努力,进一步减少并最终取消该贷款机构的任何剩余债务。”
About ME2C Environmental
关于 ME2C 环境部
ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C's leading-edge mercury emissions technologies and services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit .
我2C Environmental是一家领先的环境技术公司,为全球电力行业开发和提供专利和专有解决方案。我2C的尖端汞排放技术和服务已被证明能够以比目前使用的方法低得多的成本去除排放,对运营的影响也较小,同时保持和/或提高发电厂的产量,并保持副产品的适销性以用于有益用途。我2C Environmental 是中西部能源排放公司的商品名欲了解更多信息,请访问。
Safe Harbor Statement
安全港声明
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of major customers; dependence on availability and retention of key suppliers; changes, or lack of changes, in environmental regulations; risks related to advancements in technologies; lack of diversification in the Company's business; risks related to intellectual property, including the ability to protect intellectual property and the success with any patent litigation; competition risks; changes in demand for coal as a fuel source for electricity production; ability to retain key personnel; absence of a liquid public market for our common stock; share price volatility; and, the potential that dividends may never be declared. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2C Environmental does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in ME2C Environmental's periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
除本新闻稿中包含的历史信息外,此处的内容可能包含根据1995年美国私人证券诉讼改革法案的安全港条款做出的 “前瞻性陈述” 或适用的加拿大证券法规定的前瞻性信息(统称为 “前瞻性陈述”)。前瞻性陈述通常使用 “预期”、“相信”、“计划”、“期望”、“打算”、“将” 等词语和类似表述来识别,但这些词语并不是识别前瞻性陈述的唯一手段。这些陈述基于管理层当前的预期,受不确定性和情况变化的影响。提醒投资者,前瞻性陈述涉及风险和不确定性,可能导致实际业绩与陈述存在重大差异。可能导致实际业绩与前瞻性陈述存在重大差异的事项包括,除其他因素外,主要客户的流失;对关键供应商可用性和留存率的依赖;环境法规的变化或缺乏变化;与技术进步相关的风险;公司业务缺乏多元化;与知识产权相关的风险,包括保护知识产权的能力和任何专利诉讼的成功;竞争风险;对煤炭的需求变化一个电力生产的燃料来源;留住关键人员的能力;我们的普通股缺乏流动的公开市场;股价波动;以及可能永远无法申报分红。此外,本新闻稿包含时效性信息,这些信息仅反映管理层截至本新闻稿发布之日的最佳分析。我2C Environmental没有义务公开更新或修改任何前瞻性陈述以反映本新闻稿发布之日后发生的未来事件、信息或情况。有关本新闻稿中可能对财务业绩或其他前瞻性陈述产生重大影响的问题的更多信息,请访问 ME2C Environmental向证券交易委员会或加拿大证券监管机构提交的定期申报。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
ME2C Environmental Contact:
我2C 环境联系人:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com
Stacey Hyatt
企业传播
我2C 环境
主要:614-505-6115 x-1001
直播:404-226-4217
shyatt@me2cenvironmental.com
Investor Relations Contact:
投资者关系联系人:
Jessica Butt
IR Representative
Adelaide Capital
Direct: 416-844-6202
jessica@adcap.ca
杰西卡巴特
投资者关系代表
阿德莱德资
直接:416-844-6202
jessica@adcap.ca