VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/19/17 -- SOLARVEST BIOENERGY INC. (TSX VENTURE: SVS) ("Solarvest" or the "Company") announces that it intends to amend certain common share purchase warrants in the capital of the Company, which were issued pursuant to a private placement which closed in three tranches in December 2015, February 2016 and April 2016 (the "Warrants").
Each Warrant shall remain exercisable at $0.35 per share and the term shall be extended for an additional twelve (12) months, such that 300,000 Warrants shall be amended to expire June 4, 2018, 100,000 Warrants shall be amended to expire August 4, 2018 and 200,000 Warrants shall be amended to expire October 5, 2018.
The application to amend the Warrants is subject to its acceptance by the TSX Venture Exchange and the Company makes no assurances that the required acceptance for the extension of the term of the Warrants will be accepted.
Solarvest BioEnergy Inc. is an algae technology company whose algal-based production platform provides it with an extremely flexible system capable of being adapted to produce clean energy in the form of hydrogen and health products such as omega oils in an economic and environmentally sensitive manner.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither 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.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Chief Executive Officer
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