BOTWOOD, Newfoundland and Labrador, Aug. 09, 2023 (GLOBE NEWSWIRE) — EXPLOITS VALLEY RENEWABLE ENERGY CORPORATION (“EVREC”) is pleased to announce it has opened an office in the Wallace Sceviour & Sons Building at 6 Church Street in Botwood, Newfoundland & Labrador.

On August 7, 2023, residents from Botwood and the surrounding communities joined Ravi Sood, Executive Chairman of EVREC, and James Colter Eadie, Chief Executive Officer of EVREC, in a ribbon cutting ceremony to celebrate the opening of EVREC’s new office.

“EVREC is excited by the achievement of this important milestone and by the great turn out and community support we had for our opening” said Mr. Eadie. “I would like to thank all of the residents for coming out and supporting us on a very windy and rainy “Botwood Day””.

About EVREC

EVREC is a leading renewable energy transition company focused on large-scale, complex energy transition projects with its current focus on Newfoundland and Labrador. On July 18, 2023, EVREC announced its successful passage of stage one of the Crown Lands Call for Bids for wind-hydrogen development in Newfoundland & Labrador.

The stage two review will further assess EVREC’s experience, the proposed project, financing plan, electricity, and infrastructure requirements (energy, water, other infrastructure), community and Indigenous engagement, and social and economic benefits to Newfoundland & Labrador.

If EVREC is successful in the Crown Land Call of Bids process, it will be granted an exclusive right to pursue the proposed project’s development through the Government of Newfoundland and Labrador’s Crown land application and approval process. The relevant crown lands will be held in reserve until that process is completed.

CAUTIONARY NOTES

Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding EVREC’s anticipated development of a project in Central Newfoundland, the Company’s strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied, or forecasted in such forward-looking statements. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events, or circumstances or otherwise, except as required by law.

For more information, please contact:

J. Colter Eadie
Chief Executive Officer
Exploits Valley Renewable Energy Corporation
+40 736-372-724
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fbe1d19-b723-4113-a968-9e63a2c0c451

 

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