Xe­bec Ad­sorp­tion ar­ranges $10-mil­lion fi­nanc­ing

Xe­bec Ad­sorp­tion Inc. in­tends to raise up to $10-mil­lion by sell­ing units at 75 cents.

Stockwatch Daily - - FRONT PAGE - Mr. Louis Du­four re­ports

XE­BEC AD­SORP­TION Inc. has filed a pre­lim­i­nary short form prospec­tus in con­nec­tion with a best-ef­forts mar­keted of­fer­ing of units of the com­pany for ag­gre­gate gross pro­ceeds to the com­pany of up to $10-mil­lion. Each unit will con­sist of one com­mon share of the com­pany at an in­dica­tive price of 75 cents per unit and one-half of one com­mon share pur­chase war­rant. Each war­rant will en­ti­tle the holder thereof to pur chase one c om mon share, at a price of $1.05 per com­mon share, for a pe­riod of 18 months from the clos­ing date (here­inafter de­fined) of the of­fer­ing. The of­fer­ing is be­ing led by Bea­con Se­cu­ri­ties Ltd., on be­half of a syn­di­cate of agents to be formed.

The agents have the op­tion to of­fer for sale up to an ad­di­tional 15 per cent of the ag­gre­gate num­ber of units, com­mon shares, war­rants, or any com­bi­na­tion thereof sold un­der and on the same terms as, the of­fer­ing at any time up to 30 days fol­low­ing the clos­ing date of the of­fer­ing to cover over­al­lot­ments, if any, and for mar­ket sta­bi­liza­tion pur­poses.

The units will be of­fered by way of pre­lim­i­nary short form prospec­tus which has been filed with the se­cu­ri­ties reg­u­la­tory au­thor­i­ties in each of the prov­inces of Canada, pur­suant to Na­tional In­stru­ment 44-101 — Short Form Prospec­tus Dis­tri­bu­tions.

The com­pany in­tends to use the net pro­ceeds of the of­fer­ing to fi­nance new project devel­op­ment ini­tia­tives in the re­new­able gas gen­er­a­tion sec­tor, po­ten­tial merger and ac­qui­si­tion op­por­tu­ni­ties in­volv­ing po­ten­tial tar­gets in in­dus­trial busi­ness seg­ments, re­search and devel­op­ment, cap­i­tal equip­ment, and gen­eral cor­po­rate pur­poses. The of­fer­ing will be priced in the con­text of the mar­ket con­di­tions with the fi­nal terms of the of­fer­ing to be de­ter­mined at the time of pric­ing fol­low­ing the mar­ket­ing ini­tia­tives of the com­pany. The of­fer­ing is sched­uled to close on or about Oct. 26, 2018, and is sub­ject to cer­tain con­di­tions in­clud­ing, but not lim­ited to, the re­ceipt of all nec­es­sary reg­u­la­tory ap­provals in­clud­ing the ap­proval of the TSX Ven­ture Ex­change. The com­pany is also pleased to an­nounce that it ex­pects to have a pos­i­tive cash flow from op­er­at­ing ac­tiv­i­ties as of Sept. 30, 2018. The com­pany will be pro­vid­ing a full up­date with re­spect to the third quar­ter re­sults when it will re­lease its fi­nan­cial re­sults for such quar­ter in Novem­ber.

About Xe­bec Ad­sorp­tion Inc.

Xe­bec Ad­sorp­tion is a global provider of gas gen­er­a­tion, pu­rifi­ca­tion and fil­tra­tion so­lu­tions for the in­dus­trial, en­ergy and re­new­ables mar­ket­place. Its cus­tomers range from small to multi­na­tional cor­po­ra­tions and gov­ern­ments look­ing to re­duce their car­bon foot­prints.

We seek Safe Har­bor.

Wil­liam K Beck­ett, Jean-Fran­cois Bedard, Joseph H Petrowski, Prabhu Rao, Guy Saint-Jac­ques, Kurt Sorschak

(XBC) Shares: 47,578,304

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