MISSISSAUGA, ON, March 15, 2019 /CNW/ - Pioneering Technology
Corp. ("Pioneering" or the "Company") (TSXV: PTE), a
technology company and North
America's leader in cooking fire
prevention technologies and products, announces that it has
applied for approval from the TSX Venture Exchange to extend the
expiry date of 2,997,815 common share purchase warrants issued to
subscribers pursuant to the private placement of units which closed
on March 22 and April 20, 2017. Pioneering intends to extend the
expiry date of the warrants from March
22 and April 20, 2019 until
March 22 and April 20, 2021.
The exercise price of $1.80 per
share and all other terms of the warrants will remain unchanged for
the extended exercise period. The extension is subject to approval
from the TSX Venture Exchange.
About Pioneering Technology Corp.
Pioneering Technology is an "energy smart" technology company
and North America's leader in
innovative cooking fire prevention technologies and products. Our
mission is simple: To help save lives and property from the
number one cause of household fire – cooking fires. We do
this by engineering and bringing to market energy-smart solutions
that make consumer appliances safer, smarter, and more
efficient. Our patented cooking-fire prevention products
address the multi-billion-dollar problem of cooking fires.
According to the National Fire Protection Association, stovetop
cooking is the number one cause of household fire and fire injuries
in North America. Pioneering's
patented temperature limiting control (TLC) technology is now
installed in over 250,000 multi-residential housing units across
North America without a single
cooking fire being reported, delivering peace of mind and a solid
return on investment for its customers. Pioneering's
proprietary cooking fire prevention solutions include
Safe-T-element, SmartBurner, SmartRange, RangeMinder &
Safe-T-sensor and are suitable for the majority of the more than
140 million stoves/ranges and over 140 million microwave ovens in
use throughout North America. For more information, visit
www.pioneeringtech.com.
Forward Looking Statements
This news release contains certain forward-looking statements
that reflect the current views and/or expectations of the
Company with respect to its performance, business and future
events. Such statements are subject to a number of risks,
uncertainties and assumptions. Actual results and events may vary
significantly.
Neither the 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.
SOURCE Pioneering Technology Corp.