Solutions4CO2 Files for IPO on TSX Venture Exchange
Solutions4CO2 Inc. (S4CO2) has filed a preliminary prospectus for a proposed initial public offering (IPO). The offering will be in the form of trance 3 special warrants of a special warrant financing that S4CO2 closed in November 2011.
The prospectus also qualifies 10,952,550 common shares issuable upon the exercise or automatic exercise of 10,952,550 special warrants issued on a private placement basis, of which 1) 7,580,000 were issued on November 1, 2011, 2) 3,075,000 were issued January 6, 2012, and 3) 280,800 and 16,750 were issued to the agent, Macquarie Private Wealth Inc., on November 1, 2011 and January 6, 2012, respectively.
Pursuant to the terms of a definitive agreement dated January 6, 2012 between S$CO2 and Carrus Capital Corporation (YSX-V: CHQ), Carrus who has acquired 3 million tranche 2 special warrants, will acquire 3,000,000 Tranche 3 special warrants as part of the IPO. The prospectus also qualifies the distribution of 2,000,000 common shares issuable upon the exercise of 2,000,000 warrants issued to Carrus Capital on January 6, 2012 pursuant to the Carrus agreement.
Solutions4CO2 has applied to list its common shares on the TSX Venture Exchange
Gowling Lafleur Henderson LLP and Davis LLP act as legal counsel to Solutions4CO2 and the agent respectively.
Toronto based Solutions4CO2 designs, builds, operates and maintains industrial solutions to capture waste gas/water streams and process these streams into value added co-products. S4CO2 is developing a 50,000 sq ft demonstration facility at the Bluewater Energy Park in Sarnia, Ontario.