Founder of Zefiro Methane Corp. Increases Stake to 30.2%
June 03 2024 - 8:00AM
ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B)
(the “Company”, “Zefiro”, or “ZEFI”) announced today that
a Founder and its Chief Executive Officer Talal Debs PhD., has
exercised 637,500 warrant certificates at an exercise price of
$0.75 (CAD) per warrant into 637,500 common shares in ZEFI.
The common shares were acquired through X Machina Capital
Strategies Fund I LP, an entity of which Dr. Debs is a control
person. Dr. Debs now beneficially owns or has control or direction
over approximately 30.2% of the Company's issued and outstanding
common shares.
With extensive energy and commodities experience, Talal served
as chair of J.P. Morgan’s oil and gas price deck committee, as well
as in leadership roles covering infrastructure and commodities
credit, insurance, and reservoir engineering and technical
analysis; his time at the institution spanning 15 years. Talal has
nearly a decade of experience as a researcher and lecturer within
the technically demanding field of the foundations of quantum
mechanics and relativity theory. He earned his AB in physics and
the history of science from Harvard College, his MPhil in history
and the philosophy of science from the University of Cambridge, and
his PhD in the foundations of modern physics from the University of
Cambridge.
Dr. Debs is utilizing the “Normal Course Purchase Exemption” in
National Instrument 62-104 - Take-Over Bids and Issuer Bids. The
exemption permits additional share purchases above the 20%
threshold without triggering a takeover bid requirement so long as
the acquisitions within any 12-month period do not exceed 5% of the
securities of that class outstanding at the beginning of the
12-month period.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in
methane abatement. Zefiro strives to be a key commercial force
towards Active Sustainability. Leveraging decades of operational
expertise, Zefiro is building a new toolkit to clean up air, land,
and water sources directly impacted by methane leaks. The Company
has built a fully integrated ground operation driven by an
innovative monetization solution for the emerging methane abatement
marketplace. As an originator of high-quality U.S.-based methane
offsets, Zefiro aims to generate long-term economic, environmental,
and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations1 (800) 274-ZEFI
(274-9334)investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information is often, but not always, identified by
the use of words such as “seeks”, “believes”, “plans”, “expects”,
“intends”, “estimates”, “anticipates” and statements that an event
or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. In particular, this news
release contains forward-looking information including statements
regarding: the Company’s intention to reduce emissions from
end-of-life oil and gas wells and eliminate methane gas; the
Company’s partnerships with industry operators, state agencies, and
federal governments; the Company’s expectations for continued
increases in revenues and EBITDA growth as a result of these
partnerships; the Company’s intentions to build out its presence in
the United States; the anticipated federal funding for orphaned
well site plugging, remediation and restoring activities; the
Company’s expectations to become a growing environmental services
company; the Company’s ability to provide institutional and retail
investors alike with the opportunity to join the Active
Sustainability movement; the Company’s ability to generate
long-term economic, environmental, and social returns; and other
statements regarding the Company’s business and the industry in
which the Company operates. The forward-looking information
reflects management’s current expectations based on information
currently available and are subject to a number of risks and
uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking information. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: (i) adverse general market and economic conditions; (ii)
changes to and price and volume volatility in the carbon market;
(iii) changes to the regulatory landscape and global policies
applicable to the Company's business; (iv) failure to obtain all
necessary regulatory approvals; and (v) other risk factors set
forth in its Prospectus dated April 8, 2024 under the heading “Risk
Factors”. The Company operates in a rapidly evolving environment
where technologies are in the early stage of adoption. New risk
factors emerge from time to time, and it is impossible for the
Company’s management to predict all risk factors, nor can the
Company assess the impact of all factors on Company’s business or
the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any
forward-looking information. Forward-looking information in this
news release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including, but not
limited to, the assumption that general business and economic
conditions will not change in a materially adverse manner. Although
the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. The forward-looking information included in this news
release is made as of the date of this news release and the Company
expressly disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Statement Regarding Third-Party Investor Relations
Firms
Disclosures relating to investor relations firms
retained by Zefiro Methane Corp. can be found under the Company's
profile on SEDAR+ at www.sedarplus.ca/.
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