Xebec Announces the Commencement of Trading on the OTCQX® Best Market in the United States
August 28 2019 - 07:00AM
Xebec Adsorption Inc. (TSXV: XBC) (OTCQX: XEBEF)
(“Xebec”), a global provider of clean energy solutions is pleased
to announce that the company has qualified to trade on the OTCQX®
Best Market. Xebec upgraded to OTCQX from the Grey Market and will
soon be DTC eligible.
Xebec begins trading today on OTCQX under the
symbol “XEBEF.” U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com. The Company’s shares will continue to trade on
the Toronto Stock Exchange - Venture under the symbol “XBC”.
Xebec will shortly announce that its shares will
be eligible for electronic clearing and settlement in the United
States through the Depository Trust Company ("DTC"). DTC is a
subsidiary of the Depository Trust & Clearing Corporation, a
U.S. company that manages the electronic clearing and settlement of
publicly traded companies. DTC services provide cost benefits for
investors and brokers trading Canadian securities in the United
States.
Quotes: "We are pleased to
provide TSX-V-listed Xebec Adsorption Inc. with an efficient path
to access U.S. investors on our OTCQX Market. OTCQX provides
global companies with a transparent, cost-effective alternative to
a U.S. exchange listing. We look forward to supporting Xebec
Adsorption and its shareholders."-Jason Paltrowitz, EVP of
Corporate Services at OTC Markets Group.
“We have been looking forward to the day when we
see ourselves represented in the U.S. on the OTCQX Market, the
highest tier of OTC markets. Both institutional and retail
investors throughout North America have expressed a growing
interest in our business so this opens up an opportunity by
expanding on a recognized U.S. securities trading platform.”- Kurt
Sorschak, President and CEO, Xebec Adsorption Inc.
For more information:Xebec
Adsorption Inc.Brandon Chow, Investor Relations Specialist+1
450.979.8700 ext 5762 bchow@xebecinc.com
Kurt Sorschak, President and Chief Executive
Officer+1 450.979.8701 ksorschak@xebecinc.com
About OTC Markets Group Inc.OTC
Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market,
the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S.
and global securities. Through OTC Link® ATS and OTC Link ECN, we
connect a diverse network of broker-dealers that provide liquidity
and execution services. We enable investors to easily trade through
the broker of their choice and empower companies to improve the
quality of information available for investors. To learn more about
how we create better informed and more efficient markets, visit
www.otcmarkets.com
About Xebec Adsorption
Inc.Xebec is a global provider of gas generation,
purification and filtration solutions for the industrial, energy
and renewables marketplace. Well-positioned in the energy
transition space with proprietary technologies that transform raw
gases into clean sources of renewable energy, Xebec’s 1500+
customers range from small to multi-national corporations,
governments and municipalities looking to reduce their carbon
footprints. Headquartered in Montréal, Quebec, Canada, Xebec has
several Sales and Support offices in North America and Europe, as
well as two manufacturing facilities in Montréal and Shanghai.
Xebec trades on the TSX Venture Exchange under the symbol XBC and
on the OTCQX Exchange under the symbol XEBEF. For additional
information on the company, its products and services, visit Xebec
at xebecinc.com.
Cautionary Statement Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements, and subject to risks and uncertainties.
Generally, forward-looking statements can be identified by the use
of terminology such as “plans”, “seeks”, “expects”, “estimates”,
“intends”, “anticipates”, “believes”, “could”, “might”, “likely” or
variations of such words, or statements that certain actions,
events or results “may”, “will”, “could”, “would”, “might”, “will
be taken”, “occur”, “be achieved” or other similar expressions.
Forward-looking statements, including statements concerning future
capital expenditures, revenues, expenses, earnings, economic
performance, indebtedness, financial condition, losses and future
prospects as well as the expectations of management of Xebec with
respect to information regarding the business and the expansion and
growth of Xebec operations, involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Xebec's public documents,
including in the most recent annual management discussion and
analysis and annual information form, filed on SEDAR at
www.sedar.com. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others,
the uncertain and unpredictable condition of global economy,
Xebec’s capacity to generate revenue growth, limited number of
customers, and other factors. Although Xebec believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where required by
applicable law, Xebec disclaims any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
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