MONTREAL,
Dec. 23, 2013 /CNW Telbec/ - Xebec
Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas
upgrading, natural gas, field gas and hydrogen purification and
filtration solutions for the clean energy and crude-derived fuels
displacement markets, announced today the transfer of its listing
from the TSX to the TSX Venture Exchange ("TSXV"), to be made
effective on December 24, 2013.
Xebec's common shares listed on the TSXV will continue to trade
under the symbol "XBC" commencing on that date. Therefore, the TSX
delisting review announced on September 18,
2013 is now completed by the listing of Xebec's common
shares on the TSXV.
Xebec also announced today that its Board of
Directors has approved amendments to the Xebec Adsorption 2013
Amended and Restated Omnibus Plan (the "Plan") that were required
to comply with TSXV requirements. In accordance with the provisions
of the Plan, the amendments did not require shareholder approval
but required acceptance by the TSXV. The amendments include
renaming the Plan as the "Xebec Adsorption Stock Option Plan" and
moving from a rolling 15% of stock options available for issuance
to a fixed number of 5,904,580 Common Shares available for
grants.
The Board of Director's decision to amend the
Plan comes after Xebec's announcement on November 11, 2013, to initiate the process of
listing its Common Shares with the TSX-V.
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of
clean energy solutions to corporations and governments looking to
reduce their carbon footprints. With more than 1,300 customers
worldwide, Xebec designs, engineers and manufactures innovative
products that transform raw gases into marketable sources of clean
energy mainly used as transportation fuel. Xebec's strategy is
focused on establishing leadership positions in markets where
demand for biogas upgrading, natural gas dehydration, liquefaction
and hydrogen purification and filtration is growing. Headquartered
in Montreal (QC), Xebec is a
global company with two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution
network in North America and
Asia. Xebec trades on the TSX
under the symbol XBC. For additional information on the company and
its products and services, please visit the Xebec web site at
www.xebecinc.com.
Caution Concerning Forward-Looking
Statements
Certain statements in this press release may
constitute "forward-looking" statements within the meaning of
applicable securities laws. This forward looking information
includes, but is not limited to, the expectations and/or claims of
management of Xebec with respect to information regarding the
business, operations and financial condition of Xebec.
Forward-looking information contained in this press release involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Xebec or
industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. This list is not exhaustive of the
factors that may affect forward-looking information contained in
this press release. When used in this press release, such
statements use such words as "anticipate", "believe", "plan",
"estimate", "expect", "intend", "may", "will" and other similar
terminology. These statements reflect current expectations
regarding future events and operating performance and speak only as
of the date of this presentation. Forward-looking statements
involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results
will be achieved. A number of factors could cause actual results to
differ materially from the results discussed in the forward-looking
statements.
SOURCE Xebec Adsorption Inc.