AI assistant
First Hydrogen Corp. — Capital/Financing Update 2021
Apr 5, 2021
46270_rns_2021-04-05_1159073a-310a-450a-a814-c454f74d8f0a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Pure Extraction Corp. Suite 440 755 Burrard Street Vancouver, British Columbia V6Z 1X6
For Immediate Release
TSXV /PURX
PURX SIGNS TWO NON-BINDING LETTERS OF INTENT UNDER ASSIGNMENT
April 1, 2021 – Vancouver, British Columbia – Pure Extraction Corp. (“ Purx ” or the “ Company ”) has entered into two non-binding letters of intent with a company specializing in the energy, zero emissions mobility and renewable sectors for the assignment of two non-binding letters of intent to design and produce a zero-emissions prototype van.
The Company has sixty days to complete its due diligence and if thought fit enter into binding definitive agreements. Under the terms of the assignments the Company upon execution of the definitive agreements and TSX Venture Exchange (“Exchange”) approval is required to issue a total of three million shares which are to be voluntarily escrowed and released over period of thirty-six months.
Purx and assignor company are at arm’s length.
Finder’s fees are payable to an arm’s length party in accordance with Exchange policies upon approval of the transaction.
On behalf of the Board of Directors
PURE EXTRACTION CORP.
“ Balraj Mann ”
Balraj Mann, C.E.O.
“Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange approval. There can be no assurance that the transactions will be completed as proposed or at all. . The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ”