Penbar Capital Ltd. Announces Amendment to Letter of Intent With Emissions EV Technologies Ltd.
Penbar Capital Ltd. Announces Amendment to Letter of Intent With Emissions EV Technologies Ltd.
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Penbar Capital Ltd. (TSXV: PEM.P) ("Penbar") announces that further to its press release dated October 4, 2023, the timelines in the non-binding letter of intent dated October 3, 2023 (the "LOI") with Emissions EV Technologies Ltd. ("Emissions EV") have been amended pursuant to an amendment to the LOI dated October 31, 2023 ("Amended LOI"). The LOI outlines the general terms and conditions pursuant to which Penbar and Emissions EV would be willing to complete a transaction (the "Transaction") that will result in a reverse takeover of Penbar by the securityholders of Emissions EV and is intended to constitute the "qualifying transaction" of Penbar under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange (the "TSXV").
不列顛哥倫比亞省溫哥華-(Newsfile Corp.-2023年10月31日)-Penbar Capital Ltd.(多倫多證券交易所股票代碼:PEM.P)(以下簡稱Penbar)宣佈,繼2023年10月4日發佈的新聞稿後,根據2023年10月31日的意向書修正案(經修訂的意向書),2023年10月3日與排放電動汽車技術有限公司(以下簡稱排放EV)簽署的不具約束力的意向書中的時間表已被修訂。意向書概述了一般條款和條件,根據這些條款和條件,Penbar和排放EV將願意完成一項將導致排放EV的證券持有人反向收購Penbar的交易(“交易”),並旨在根據第2.4號政策構成Penbar的“合格交易”-資本池公司多倫多證券交易所創業板交易所(“多倫多證券交易所”)。
The Amended LOI extends the time required for the parties to enter into a definitive agreement to November 15, 2023 and to complete the Transaction to on or before March 31, 2024. Except as amended by the Amended LOI, the LOI continues in full force and effect and the LOI and the Amended LOI will be read and construed together as one agreement.
經修訂的意向書將雙方達成最終協定所需的時間延長至2023年11月15日,並將完成交易的時間延長至2024年3月31日或之前。除經修訂的《意向書》修訂外,《意向書》繼續完全有效,《意向書》和經修訂的《意向書》將作為一份協定一併理解和解釋。
About Emissions EV Technologies Ltd.
關於排放電動汽車技術有限公司。
Emission EV specializes in the design, manufacturing, and production of cutting-edge electrically powered industrial and commercial vehicles. Emissions EV is dedicated to revolutionizing the logistics and production sector by providing sustainable transportation solutions that are at the forefront of the EV industry today. Emissions EV's collaborative approach involves close engagement with its customers, allowing them to contribute their unique needs and insights to the project, ensuring that the machines that are created for their use are completely without compromise.
Estim EV專門從事尖端電動工業和商業車輛的設計、製造和生產。排放電動汽車致力於通過提供走在當今電動汽車行業前沿的可持續運輸解決方案,為物流和生產部門帶來革命性的變化。Estims EV的協作方法涉及與其客戶的密切接觸,使他們能夠為專案貢獻他們的獨特需求和見解,確保為他們的使用而製造的機器完全不妥協。
Based in New Westminster, British Columbia, Emissions EV creates environmentally friendly, efficient, and reliable vehicles that not only meet industry standards and regulatory requirements but also partner with local suppliers and vendors to manage and maintain the strictest in compliance and finished product quality.
Efficients EV總部位於不列顛哥倫比亞省新威斯敏斯特,創造了環保、高效和可靠的車輛,不僅滿足行業標準和監管要求,還與當地供應商和供應商合作,管理和保持最嚴格的合規性和成品質量。
By combining its technical capabilities with its ingenious design engineering support, Emissions EV aims to drive innovation, reduce emissions, and usher in a brighter, more sustainable future in hard to decarbonize sectors of global industry.
通過將其技術能力與其巧妙的設計工程支持相結合,排放電動汽車旨在推動創新,減少排放,並在全球工業中難以脫碳的行業中迎來更光明、更可持續的未來。
About Penbar Capital Ltd.
關於彭巴資本有限公司
Penbar Capital Ltd. is a capital pool company created pursuant to the policies of the TSXV. It does not own any assets, other than cash or cash equivalents and its rights under the LOI and the Amended LOI. The principal business of Penbar is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the TSXV so as to complete a qualifying transaction in accordance with the policies of the TSXV.
Penbar Capital Ltd.是根據TSXV的政策成立的資本池公司。除現金或現金等價物及其根據《意向書》和經修訂的《意向書》而享有的權利外,該公司並不擁有任何資產。Penbar的主要業務是識別及評估收購資產或業務權益的機會,並於識別及評估後,就收購或參與進行談判,但須經TSXV接納,以便根據TSXV的政策完成合資格交易。
For further information please contact:
欲瞭解更多資訊,請聯繫:
Penbar Capital Ltd.
David Eaton, CEO
Phone: (604) 688-9588
彭巴資本有限公司
首席執行官David·伊頓
電話:(604)688-9588
All information in this press release relating to Emissions EV has been provided by Emissions EV and is the sole responsibility of Emissions EV.
本新聞稿中與排放電動汽車有關的所有資訊均由排放電動汽車公司提供,並由排放電動汽車公司承擔全部責任。
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
本新聞稿不構成在美國出售或邀請購買本文所述任何證券的要約。本文所述證券並未根據修訂後的1933年美國證券法(下稱“美國證券法”)或任何州證券法註冊,且不得根據根據美國證券法頒佈的S法規中定義的“美國”發行或出售,除非根據美國證券法和適用的州證券法註冊,或獲得此類註冊要求的豁免。
Cautionary Note
警示注意事項
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
交易的完成受制於若干條件,包括但不限於TSXV接納及(如適用)根據TSXV的規定獲得小股東的多數批准。在適用的情況下,在獲得所需的股東批准之前,交易無法完成。不能保證這筆交易將按計劃完成,或者根本不能保證。
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a Capital Pool Company should be considered highly speculative.
投資者請注意,除非在與交易相關的管理資訊通告或備案聲明中披露,否則所發佈或收到的有關交易的任何資訊都可能不準確或不完整,不應依賴。資本池公司的證券交易應被視為高度投機性。
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
TSXV沒有以任何方式傳遞擬議交易的優點,也沒有批准或不批准本新聞稿的內容。
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
TSXV及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Not for distribution to United States newswire services or for dissemination in the United States
不得分發給美國通訊社或在美國境內傳播
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問