EarthRenew Inc. Receives Final Approval for Listing on the CSE and Other Corporate Updates
TORONTO, Jan. 09, 2019 (GLOBE NEWSWIRE) — EarthRenew Inc. (formely known as Valencia Ventures Inc.) (“EarthRenew” or the “Company”) (TSXV: VVI) is pleased to announce that the Canadian Securities Exchange (the “CSE”) has issued a final bulletin announcing the listing of the Company’s common shares on the CSE, with trading commencing on January 10, 2019 under the symbol “ERTH”. Consequently, the Company’s common shares have now been de-listed from the TSX Venture Exchange. Please refer to the link below to access the CSE’s final bulletin:
Officers and Directors of EarthRenew
As per the management information circular dated as of July 16, 2018 and pursuant to the closing of the reverse take-over transaction, the following individuals have been elected as directors and appointed as officers of the Company:
Keith Driver – President, CEO and Director. Mr. Driver has served in leadership positions in several environmental technology companies over the past 15 years. His experience includes senior marketing, technical and management roles, focused on emerging products or technologies. Many of these opportunities have focused on processing organic feedstocks and marketing the end-products, such as compost and biochar. Keith holds two degrees in engineering and a MBA, and serves as a sessional instructor at the University of Calgary.
Ryan Ptolemy – Chief Financial Officer. Ryan Ptolemy is a CPA, CGA and CFA charter holder who also attained a BA from Western University. Ryan serves as CFO to many public and private companies in the resource sector, particularly development-stage companies. Ryan formerly served as CFO for an independent investment dealer in Toronto where he was responsible for financial reporting, budgeting and the company’s internal controls.
Damian Lopez – Corporate Secretary. Mr. Lopez was previously the chief executive officer of Valencia Ventures Inc., a predecessor of the Company. Mr. Lopez is a corporate lawyer with extensive mergers and acquisition and corporate finance experience. Mr. Lopez is currently a legal consultant to various Toronto Stock Exchange and TSXV listed companies in various sectors including mining, financial services, agriculture and technology. Mr. Lopez also acts as the Corporate Secretary of various Toronto Stock Exchange and TSXV listed companies. Mr. Lopez began his legal career as a corporate law associate at Stikeman Elliott LLP. Mr. Lopez holds a B.Comm from Rotman Commerce, University of Toronto and a J.D. from Osgoode Hall Law School.
Catherine Stretch – Director. Catherine Stretch has over 20 years of experience in Canadian capital markets, with a particular emphasis on the natural resource and agriculture sectors. Ms. Stretch is currently the Chief Commercial Officer of Aguia Resources Limited, an ASX and Exchange dual listed company developing phosphate assets in Brazil and a consultant to Brazil Potash Corp., a company developing a major potash deposit in Brazil and Irati Energy Corp., a company developing oil shale in Brazil. Ms. Stretch is engaged in a variety of activities for these companies including capital raising and structuring, marketing and investor relations, regulatory compliance and disclosure, new market development and strategic initiatives. Previously, Ms. Stretch was a partner and the Chief Operating Officer of a Canadian investment firm that had $1 billion in assets under management and focused on managing Investment Funds. Ms. Stretch currently sits on the Board of Emerita Resources Corp., an Exchange listed company developing various mineral assets in Spain; AnalytixInsight, an Exchange listed company developing data analytics software with a particular focus on global financial markets; and, UEX Corporation, a TSX listed company engaged in the exploration and development of uranium and cobalt.
David Argyle – Director. Mr. Argyle has more than 30 years of experience in identifying, developing, financing and managing fertilizer, mining and energy projects in South America, Asia, Africa and Australia. Mr. Argyle earned an MBA from the University of Michigan and holds a Bachelor of Commerce from the University of Western Australia.
Mr. Driver, Ms. Stretch and Mr. Argyle replaces Damian Lopez, Tito Gandhi and Bernard Wilson, who have each tendered their resignation. The Company would like to thank Mr. Lopez, Mr. Gandhi and Mr. Wilson for their continued support.
EarthRenew is a low-cost sustainable power-generation company with a patented production process that converts livestock waste to nutrient-rich, slow-release pelleted organic fertilizer. EarthRenew converts natural gas to electricity from an industrial-sized gas turbine which it intends to capitalize on through various revenue drivers. These include selling surplus electricity to the electrical grid and to cryptocurrency miners which can co-locate on site and to dry manure feedstock to produce high value organic fertilizer. The Company has a commercial scale operation in Strathmore, Alberta.
For additional information, please contact:
CEO of EarthRenew
Phone: (403) 860-8623
Cautionary Note regarding Forward – Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to EarthRenew’s ability to restart electricity production at the Strathmore Plan, EarthRenew’s ability to sell electricity to the electrical grid or to cryptocurrency miners, EarthRenew’s ability to execute its business plan, EarthRenew’s proposed business activity, the timing of the listing on the CSE and the delisting from the TSXV, receipt of any required third party and regulatory approvals, the impact of the reverse- take-over transaction on the Company and its stakeholders and other transaction statements. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the renewable energy, mining and cryptocurrency industries. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.