profiteer11
2 years ago
Pond Technologies Announces Non-Brokered Private Placement at Premium to Market Price Including Insider Participation
https://finance.yahoo.com/news/pond-technologies-announces-non-brokered-124600529.html
PNDHF
Tue, September 6, 2022 at 8:46 AM
MARKHAM, ON, Sept. 6, 2022 /CNW/ - Pond Technologies Holdings Inc. ("Pond") (TSXV: POND) (OTCQB: PNDHF) (FSE: 400), an ESG company addressing global sustainability challenges of wellness and climate change, today announced a non-brokered private placement ("Private Placement") of up to 6,666,667 common shares of Pond ("Common Shares") at a purchase price of $0.15 per Common Share for aggregate gross proceeds of up to $1,000,000. The purchase price represents a 15% premium to the closing trading price of the Common Shares on the TSX Venture Exchange ("TSXV") on September 2, 2022. No warrants are being issued pursuant to the Private Placement, and the Private Placement may be completed in one or more tranches.
The Private Placement is expected to include subscriptions, either directly or indirectly, from certain Pond insiders for an aggregate amount of $500,000, led by O'Connor Holdings Limited (an entity controlled by Mr. Dan O'Connor, Chief Operating Officer of Pond).
The Private Placement is subject to customary closing conditions, including the approval of the TSXV. Net proceeds of the Private Placement will be used by Pond for general working capital purposes.
Insider participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pond will rely on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively. Neither the fair market value of the Common Shares to be purchased by insiders nor the fair market value of the consideration to be paid for by them will exceed 25% of Pond's market capitalization.
profiteer11
2 years ago
Slashing Methane Emissions 30% By 2030 Could Be Key To Achieving Net Zero Targets — Here’s What AgTech Companies Are Doing To Help
August 10, 2022
Benzinga - Rachael Green
Markham, Ontario --News Direct-- Pond Technologies Holdings Inc.
The latest estimates put annual global methane emissions at 580 million tonnes (Mts) per year, creating atmospheric concentrations that are 2½ times denser than preindustrial levels.
About 25% of that methane comes from the agricultural sector alone — mostly from gassy cows whose burps contain methane.
With an estimated 1.4 billion cows worldwide and each cow belching approximately 220 pounds of methane each year, those burps add up. President Biden has even supported a bill that would tackle this issue, to the tune of $20 billion, due to its impact on the environment.
That’s why companies like Pond Technologies Holdings Inc. (OTCQB: PNDHF) are exploring cost-effective, scalable ways to cut agricultural methane emissions and help nations around the world meet their Global Methane Pledge.
Nations Need To Cut Methane Emissions If They Hope To Hit Net Zero Goals
As part of the Global Methane Pledge launched at the 2021 United Nations Climate Change Conference (COP26) last year, 111 countries collectively responsible for 45% of methane emissions committed to reduce those emissions to 30% below 2020 levels by 2030.
Methane is one of the most potent greenhouse gasses in Earth’s atmosphere — it has over 80 times the warming power of carbon dioxide and accounts for as much as 30% of the global temperature increase scientists expect to see in the next 20 years.
Because of this enhanced warming effect, cutting 170 Mts, 30% of 2020 levels, in methane emissions would be the equivalent of scrubbing 4.7 billion to 6.1 billion tonnes of carbon dioxide emissions from the atmosphere per year.
If the global temperature increase surpasses 1.5 C above its pre industrial average, scientists warn of the following changes in our climate could occur:
Extreme heat events — like the recent record-breaking heat wave that swept Europe this summer, sparking wildfires in four countries and contributing to over 1,000 deaths — that used to happen once a decade or less would happen more than four times per decade.
The risk of severe flooding will more than double for 73% of the world’s population.
The total forest area at risk of forest fires would nearly double in the United States alone and fires could become about 37% more frequent.
An average of more than 114 million people each month will be exposed to extreme drought conditions that could ruin food crops and make already-scarce drinking water even harder to come by.
Curbing Agricultural Emissions Might Hinge On Discovering An Anti-Methane Diet For Livestock
Methane in agriculture is produced primarily by livestock — especially cows — as their digestive process produces methane as a byproduct that is released when they burp. That means tackling methane levels for farmers means devising a way to make cows burp less.
The approach that’s made the most progress is changing cows’ diet. Royal DSM (OTCQX: KDSKF), for example, has already shown some success with this approach using a feed additive called Bovaer that’s been shown to reduce methane from burping by around 30%.
Algae May Hold Another Key To Slashing Methane Emissions
In April, Pond Technologies partnered with Cross River Infrastructure Partners LLC and Livalta/AB Agri, a subsidiary of Associated British Foods plc (LSE: ABF) to identify algae strains that could reduce methane emissions when added to livestock feed.
The research partnership could be a promising one as a separate study of red macroalgae (seaweed) found that it could cut methane emissions by up to 80% when added to cattle feed. However, scaling the production of seaweed would require turning large swaths of shorelines into seaweed farms, which could end up having its own environmental impacts on ocean and coastal ecosystems.
That’s why Pond is partnering with these companies to explore microalgae strains that could offer the same methane-busting benefits as seaweed. Pond has already deployed what it reports is an innovative, scalable algae grow system that allows producers to grow microalgae in tanks where the conditions are optimized for algae growth.
The tanks also help cut CO2 emissions themselves. Because algae use CO2 to grow, the proprietary Pond tanks can take the raw stack gas from power plants, factories and other high-emission facilities and convert it into clean, breathable air.
The goal, then, is to identify microalgae strains that can be grown in these CO2-scrubbing platforms so that the companies can harvest them and turn them into feed additives. That way, each batch is pulling double duty: scrubbing emissions as it grows in the tank and curbing emissions again after it’s fed to livestock.
About Pond Technologies
Located in Markham, Ontario, Pond has developed a proprietary system that can profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of microalgae to be used as a reproductive medium for the expression of human antibodies and proteins.
https://finance.yahoo.com/news/slashing-methane-emissions-30-2030-123500281.html
profiteer11
2 years ago
Pond Technologies Holdings Inc. Announces Filing of 2022 Second Quarter Unaudited Interim Condensed Financial Statements, MD&A and Provides Business Update
August 18, 2022
Pond Technologies also Announces Appointment of Dan O'Connor as Chief Operating Officer
MARKHAM, ON, Aug. 18, 2022 /CNW/ - Pond Technologies Holdings Inc. (the "Corporation" or "Pond") (TSXV: POND) (OTCQB: PNDHF) (FSE: 4O0), announces that the unaudited interim condensed consolidated financial statements of the Corporation for the three and six months ended June 30, 2022 and the related management's discussion and analysis have been filed and are available for review on the SEDAR website at www.sedar.com or on the Corporation's website at www.pondtech.com. Q2 Highlights and a brief business update follow below:
Q2 2022 MD&A Highlights
Innovative Cattle Methane Reduction Study Initiated - Pond's work with BioCarbN in collaboration with Livalta/AB Agri to identify methane reducing algae feed solutions in cattle continues to progress. Pond has identified strains of algae that could prove beneficial in reducing enteric methane emissions from cattle when included into animal feed. Enteric methane emissions are the single largest source of direct greenhouse gas emissions in beef and dairy value chains and a substantial contributor to anthropogenic methane emissions globally. This work led to the signing of a research agreement with BioCarbN, in collaboration with AB Agri, for possible use by a major North American based agriculture company.
Joint Commercialization Project Livalta/AB Agri- The joint commercialization project to produce algae-based animal feed ingredients with Livalta/AB Agri continued to progress. This global partnership with the protein specialists Livalta/AB Agri and Pond will produce commercial algae-based animal feed ingredients from CO2 emissions. Effectively, the technology is designed to take CO2 emissions to produce high value protein. Since the start of the agreement, Pond has received approximately $1,572,000 for initialization and advanced milestone payments and has completed initial engineering work. The advance milestone payments are recorded as deferred contract revenue and moves to revenue when milestones are met. A further approximately $4,000,000 in license and engineering, procurement and construction payments remain to be earned by Pond.
Successful Production of Recombinant Proteins - Pond Biotech's successful results related to the production of recombinant proteins were published in the scientific journal, Nature Scientific Reports. This provided an update on the Pond Biotech project announced in the fall of 2021 with a major Fortune 500 oil and gas company. As part of the project, Pond has been scaling up the production of recombinant proteins. Pond has received approximately $230,000 in payments to date for milestones achieved and the initial research agreement. Pond has now completed the initial scale-up, including bioreactor designs and growth protocols. Since the beginning of 2022, Pond has been making weekly deliveries of recombinant proteins to the project consortium for testing and significant milestones are expected to be achieved in Q3 2022.
Further Business Updates:
On June 16, 2022, Pond announced it has agreed to a non-exclusive memorandum of understanding with technology solutions company SEM Energy Ltd. Headquartered in Aberdeen, Scotland, SEM is a sustainable technology solutions company that collaborates with stakeholders across the agriculture, aquaculture, distillery and biogas markets to implement tailored end-to-end solutions for the treatment of waste products and wastewater, the recovery of nutrients, and the generation of valuable new by-products. Pond's technology will be a bolt-on solution utilized in SEM projects globally, where applicable. Pond and SEM agreed to initially focus on Scotland-based projects with the goal to abate 10,000 tonnes of CO2 from an identified waste to energy plant using stack gas.
On June 22, 2022, Pond announced that it agreed to engage Clean Conduit, Inc., a clean technology management consulting firm. Clean Conduit, Inc. will market Pond Technologies' carbon absorbing, algae-growing technology to prospective clients.
Clean Conduit, Inc (www.cleanconduit.com) has over 15 years' experience in domestic and international cleantech consulting. It offers unique, multidisciplinary services under one umbrella in the areas of professional engineering, business, and sales. Their expertise includes guiding cleantech companies through complex initiatives by articulating pathways to success and working closely with them through execution and delivery. Beyond its own extensive network, Clean Conduit, Inc. is also equipped with proven tools and techniques for market research and lead generation which will assist in building an ecosystem of entities that can support Pond Technologies' short and long- term requirements.
Grant Smith, President and CEO of Pond, said: "We continue to make significant progress across our organization centered around our commercialization road map. We are transitioning from an R&D focus to broad commercialization of our scalable carbon capture, algae growing technology. Our management team and Board of Directors are working towards a strategic plan to ensure we capture the significant opportunities in our pipeline and those that are under contract with us inclusive of fortune 500 companies. We remain dedicated to enhancing shareholder value over the long term and we look forward to keeping investors apprised of those details throughout the remainder of the year."
Furthermore, Dan O'Connor has been appointed as Pond's Chief Operating Officer. Dan brings a broad depth of experience and knowledge in the integrated control systems and biofuels industries. As an entrepreneur in both industries, Dan has an extensive understanding of bringing new and emerging industries to scale and commercialization. With experience in all aspects of project development and business development as well as having successfully raised capital specifically for project development. More recently, Dan has been involved in the Cannabis area, where he was involved as a consultant in business development and ultimately in negotiations involving the sale of the company to a more prominent industry player.
profiteer11
2 years ago
$PNDHF Pond Technologies Engages Cleantech Consultant to Accelerate Project Pipeline
June 22, 2022 News
MARKHAM, ON / ACCESSWIRE / June 22, 2022 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND)(OTCQB:PNDHF)(FSE:4O0), an ESG company addressing global sustainability challenges of protein shortages and climate change, announces it has agreed to engage Clean Conduit, Inc., a clean technology management consulting firm. Clean Conduit, Inc. will market Pond Technologies' carbon absorbing, algae-growing technology to prospective clients.
Clean Conduit, Inc (www.cleanconduit.com) has over 15 years experience in domestic and international cleantech consulting. It offers unique, multidisciplinary services under one umbrella in the areas of professional engineering, business, and sales. Their expertise includes guiding cleantech companies through complex initiatives by articulating pathways to success and working closely with them through execution and delivery. Beyond its own extensive network, Clean Conduit, Inc. is also equipped with proven tools and techniques for market research and lead generation which will assist in building an ecosystem of entities that can support Pond Technologies' short and long- term requirements.
President & CEO at Pond, Grant Smith, said: "This engagement with Clean Conduit, largely subsidized through GreenCentre Canada, will leverage their experience, know-how, and network to provide Pond with new, meaningful introductions and client leads in industries such as alternative proteins where Pond has an amazing value proposition to offer. Given their history helping grow Canadian cleantech companies, we're confident that Clean Conduit will drive significant value for us by furthering awareness of our unique technology."
About Pond Technologies
Located in Markham, Ontario, Pond has developed a proprietary system that can profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of microalgae to be used as a reproductive medium for the expression of human antibodies and proteins.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information: Grant Smith, Chief Executive Officer, at info@pondtech.com or 416-287-3835 ext. 201.
SOURCE: Pond Technologies Holdings Inc.
makinezmoney
5 years ago
$IOGIF: NEWS.... Acquisiton of Regenereux is COMPLETE
https://canada.regenurex.com/
OS only 18Million shares.
*************************************************************
Pond Technologies closes deal to acquire Regenurex Health
Jan 31, 2019
Pond Technologies closes deal to acquire Regenurex Health
Originally published on Newswire.ca
Calgary, January 31, 2019, Pond Technologies Holdings Inc. (“Pond”) (TSX.V: POND) is pleased to announce that, further to its press releases dated August 27, 2018, and December 11, 2018, Pond has closed its acquisition of Regenurex Health Corporation (“Regenurex”) effective January 30, 2019.
The acquisition was effected by way of an amalgamation of Regenurex and a wholly-owned subsidiary of Pond, Pond Naturals Inc. (“Pond Naturals”), with the resulting entity continuing under the name Pond Naturals. Pond Naturals brings together the previously announced acquisition of the distribution operations of RFI Canada with Regenurex’s 10,000 square foot commercial Astaxanthin production facility. Dr. Curtis Braun, Pond Naturals CEO, and Grant Smith, President, bring over 50 years of experience in the manufacture, distribution, and sales of nutraceutical products.
Steve Martin, Pond CEO, commented, “The purchase of Astaxanthin manufacturer, Regenurex, marks a significant milestone in Pond’s plan to build Pond Naturals into a vertically integrated manufacturer, distributor, and retailer of bulk and branded nutraceutical products. Leveraging Pond’s technology will enable the rapid scaling of the Agassiz plant while the integration of Regenurex’s natural extraction technology at future Astaxanthin facilities will provide a strong competitive advantage.”
The transaction was concluded on the same terms as those announced in the press release dated December 11, 2018, and provides for the issuance of $5,000,000 in Pond shares ($0.80 per Pond share) and included a $500,000 injection of capital.
As a result of the amalgamation, among other things:
former holders of the Class A preferred shares of Regenurex received, in the aggregate, 3,539,198 non-voting senior preferred shares of Pond Naturals. The senior preferred shares are exchangeable at the election of the holders thereof until August 1, 2022, at which time they will be automatically exchanged, for an aggregate of 2,211,998 common shares in the capital of Pond (“Pond Shares”); and
former holders of the common shares of Regenurex received, in the aggregate, 18,219,200 non-voting junior preferred shares of Pond Naturals. The junior preferred shares are exchangeable at the election of the holders thereof until August 1, 2022, at which time they will be automatically exchanged, for an aggregate of 4,038,002 Pond Shares (subject to a downward adjustment in the event any undisclosed liabilities of Regenurex over $50,000 are discovered within six months of closing).
As noted in the prior press releases, Pond Naturals will continue to operate as an eligible business corporation in the Province of British Columbia and, in connection with closing, Pond capitalized Pond Naturals with $500,000 (inclusive of funds paid by Pond to Regenurex prior to closing in respect of certain Astaxanthin pre-orders) to better position Pond Naturals to pursue its business objectives.
About Pond Naturals:
Pond Naturals will continue Regenurex’s business of developing a line of products to help the body regenerate. The first product, Astaxanthin, is naturally derived from algae and is a powerful antioxidant and anti-inflammatory. Pond Naturals operates a 10,000 square foot algae production facility, in Agassiz, British Columbia, Canada. Pond Naturals’ Astaxanthin is unique because they use a proprietary natural extraction process that is both sustainable and environmentally friendly. Pond Naturals sells algae, health food and supplement ingredients generated from Regenurex, third party producers such as RFI and in the future from new Pond facilities expected to come online in 2020.
About Pond Technologies Holdings Inc.:
Located in Markham Ontario, Pond is a technology company that provides profitable solutions to the global health and wellness challenges of pollution abatement and nutrition. Pond’s proprietary growth platform optimizes key growth inputs in order to provide a controlled environment that maximizes the growth of algae and other organisms. It enables industrial emitters to generate new revenue streams from the transformation of waste CO2 to valuable algae-based products used as proteins for animal feed and nutraceutical products like Chlorella, Spirulina, and Astaxanthin for human consumption.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the expectation that Pond Naturals will continue as an eligible business corporation in the Province of British Columbia, expectations with respect to Pond Naturals’ future business, and the expected timing for new Pond facilities coming online. Such forward-looking statements are based on certain key expectations and assumptions made by Pond, including, among others, assumptions regarding the continued legislative (including tax) regime in which Pond and Pond Naturals operate, availability of cost-effective labour and supplies, the proper functioning of Pond’s technology, the quality of the Astaxanthin produced, cash flow and expenses, the successful negotiation of collaboration and marketing agreements, and obtaining and maintaining intellectual property protection. Although Pond believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed thereon and Pond can give no assurance that they will prove to be correct. By its nature, such forward-looking statements are subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed, including the risks set forth in Pond’s management’s discussion and analysis of financial condition and results of operations for its three and nine months ended September 30, 2018, available on Pond’s profile on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Pond does not undertake any obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) aaccept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
SOURCE Pond Technologies Holdings Inc.
View original content: www.pondtech.com
Steve Martin, Chief Executive Officer, at s.martin@pondtech.com, 416-287-3835 ext. 201
Chris Cory at c.cory@pondtech.com, 416-287-3835 ext. 215
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