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
公司爲主要財務夥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.
德克薩斯州科西卡納--(Newsfile Corp.,2024年3月19日)——中西部能源排放公司(TSXV:MEEC)(OTCQB:MEEC)(“我2領先的環境技術公司C Environmental”(或 “公司”)今天宣佈,該公司將從其主要財務夥伴持有的無抵押票據的剩餘未償本金餘額中獲得96萬美元的信貸。
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.
作爲先前報告的債務重組的一部分,公司已獲准在2024年底之前爲出售該貸款機構持有的某些普通股提供便利,並將有權根據該貸款機構收到的金額獲得美元信貸。2024年3月11日,該貸款機構向某些非關聯第三方私下出售某些限制性股票的工作已經完成,這使公司有權獲得今天宣佈的信貸。
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.
該公司表示,在2024年底之前,該貸款機構在公司推動下持有的股票的任何進一步出售都將使公司有權獲得一美元的美元信貸,抵消該貸款機構持有的無追索權利潤份額。
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·麥克弗森,ME 首席執行官2C Environmental表示:“在最近宣佈與我們的金融合作夥伴達成的重組債務安排後,我們立即提供了數百萬美元的福利,由於今天宣佈向朋友和家人私下出售限制性股票,我們現在還將剩餘的未償本金餘額額外減少了96萬美元。我們仍然致力於繼續努力,進一步減少並最終取消該貸款機構的任何剩餘債務。”
About ME2C Environmental
關於 ME2C 環境部
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是一家領先的環境技術公司,爲全球電力行業開發和提供專利和專有解決方案。我2C的尖端汞排放技術和服務已被證明能夠以比目前使用的方法低得多的成本去除排放,對運營的影響也較小,同時保持和/或提高發電廠的產量,並保持副產品的適銷性以用於有益用途。我2C Environmental 是中西部能源排放公司的商品名欲了解更多信息,請訪問。
Safe Harbor Statement
安全港聲明
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.
除本新聞稿中包含的歷史信息外,此處的內容可能包含根據1995年美國私人證券訴訟改革法案的安全港條款做出的 “前瞻性陳述” 或適用的加拿大證券法規定的前瞻性信息(統稱爲 “前瞻性陳述”)。前瞻性陳述通常使用 “預期”、“相信”、“計劃”、“期望”、“打算”、“將” 等詞語和類似表述來識別,但這些詞語並不是識別前瞻性陳述的唯一手段。這些陳述基於管理層當前的預期,受不確定性和情況變化的影響。提醒投資者,前瞻性陳述涉及風險和不確定性,可能導致實際業績與陳述存在重大差異。可能導致實際業績與前瞻性陳述存在重大差異的事項包括,除其他因素外,主要客戶的流失;對關鍵供應商可用性和留存率的依賴;環境法規的變化或缺乏變化;與技術進步相關的風險;公司業務缺乏多元化;與知識產權相關的風險,包括保護知識產權的能力和任何專利訴訟的成功;競爭風險;對煤炭的需求變化一個電力生產的燃料來源;留住關鍵人員的能力;我們的普通股缺乏流動的公開市場;股價波動;以及可能永遠無法申報分紅。此外,本新聞稿包含時效性信息,這些信息僅反映管理層截至本新聞稿發佈之日的最佳分析。我2C Environmental沒有義務公開更新或修改任何前瞻性陳述以反映本新聞稿發佈之日後發生的未來事件、信息或情況。有關本新聞稿中可能對財務業績或其他前瞻性陳述產生重大影響的問題的更多信息,請訪問 ME2C Environmental向證券交易委員會或加拿大證券監管機構提交的定期申報。
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.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
ME2C Environmental Contact:
我2C 環境聯繫人:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com
Stacey Hyatt
企業傳播
我2C 環境
主要:614-505-6115 x-1001
直播:404-226-4217
shyatt@me2cenvironmental.com
Investor Relations Contact:
投資者關係聯繫人:
Jessica Butt
IR Representative
Adelaide Capital
Direct: 416-844-6202
jessica@adcap.ca
傑西卡巴特
投資者關係代表
阿德萊德資
直接:416-844-6202
jessica@adcap.ca