('Delta') held by HTC, which Dividend for which an update was previously provided in a news release dated
The HTC Shareholders who are affected by this delay includes most HTC Shareholders who hold their HTC Shares electronically through a broker. CDS and DTC have been notified of the Dividend and arrangements are being made with CDS and DTC for the issuance and distribution of
The Dividend will be taxable and non-residents of
The Dividend is being distributed on a pro rata basis. No fractional shares or cash in lieu thereof (or any other form of payment) will be payable under the Dividend. Any fractional interests in
The Delta Shares were acquired by HTC in connection with the previously announced sale of clean energy assets ('Clean Energy Assets') to Delta, paid for by the issuance of 20,000,000
The Exchange has not provided acceptance of the distribution of the Dividend, but does not object to the payment of the Dividend to those HTC Shareholders who have not yet received the Dividend, which are all HTC Shareholders other than the Registered HTC Shareholders. It is expected that all remaining HTC Shareholders will receive the Dividend through their CDS and DTCparticipating brokers within ten days. Delta is differentiated in the market through its proprietary CO2 extraction, CO2 management and patented purification technology with a focus on Environmental Social Governance ('ESG') in response to greater acceptance of climate change and its effects, as well as social license being sought by corporations in the energy industry. A reduced environmental footprint, through the capture of CO2, redirection of industrial by-products as usable hydrogen and utilization of reclaimed, recycled and reused extraction fluids, has become an important currency for energy businesses, avoids the cost of increasing regulation consisting of penalties through fees and taxation, and makes a strong statement to stakeholders who expect ESG and Identity Preserved Waste (IPW) protocols to be instituted by energy companies.
HTC's sale of its Clean Energy Assets has unlocked the value of the Clean Energy Assets IP by allowing Delta to be financed and its growth accelerated by a focused skilled and experienced management team. The Dividend, paid as a dividend-in-kind of
HTC shareholders are now realizing those benefits by directly holding shares in Delta as well as HTC. HTC continues to operate its business associated with its hemp segment, which includes the production contracting of broad acre industrial hemp for: BioFibre utilized in BioPlastics, BioTextiles/Composites, and BioCellulose, as well as Hemp Seed Protein and continues to diversify its hemp portfolio.
Contact:
T: (306) 352-6132
E: jallison@htcpurification.com
This press release contains 'forward-looking statements' or 'forward-looking information' (collectively referred to herein as 'forward-looking statements') within the meaning of applicable securities legislation. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by HTC and described in the forward-looking information contained in this press release. Although HTC believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
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