OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for trading 12,000 U.S. and international securities, today
announced that CVW CleanTech Inc. (“CVW CleanTech” or the
“Company”) (TSX-V: CVW; OTCQX: CVWFF) has qualified to trade on the
OTCQX® Best Market. CVW CleanTech upgraded to OTCQX from the Pink®
market. CVW CleanTech is the owner of a ready-to-deploy technology
able to recover valuable commodities, including critical minerals
and hydrocarbons, from froth treatment tailings generated by oil
sands mining operations while abating approximately 90% of the
methane emitted from an oil sands mining site.
CVW CleanTech Inc. begins trading today on OTCQX
under the symbol “CVWFF.” U.S. investors can find current financial
and other relevant disclosures, and Real-Time Level 2 quotes for
the Company, on www.otcmarkets.com.
“We are pleased to begin trading on the OTCQX
Market in New York. U.S. based investors will now be able to access
our shares and corporate information in a more seamless manner,”
said Joshua Grant, CVW CleanTech’s Chief Financial Officer. “We
intend to actively engage with U.S. investors to ensure that the
Company’s value proposition is well understood in the U.S.
Additionally, the Company is in the process of applying for DTC
eligibility and we will update the market once DTC eligibility has
been obtained.”
Upgrading to the OTCQX Market is an important step
for companies seeking to provide transparent trading for their U.S.
investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their
home market reporting to make their information available in the
U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance, and
demonstrate compliance with applicable securities laws.
B. Riley Securities, Inc. acted as the Company’s
OTCQX sponsor.
About CVW CleanTech Inc.CVW
CleanTech Inc. is a clean technology innovator working to develop
sustainable technology solutions. The Company has developed a suite
of proprietary technologies called Creating Value from Waste™
(CVW™) that recover bitumen, solvents, critical minerals, and water
from oil sands froth treatment tailings while significantly
reducing tailings pond emissions and enhancing tailings
management.
On an annual basis, an industry wide implementation
of CVW™'s EcoMax development option could be expected to:
- Recover 13.2 million barrels of
hydrocarbons (11.4 million barrels of bitumen and 1.8 million
barrels of solvent);
- Produce 1.5 million tonnes per year
of critical mineral concentrates in the form of titanium and
zircon;
- Abate up to 5,000,000 tonnes of CO2
equivalents, primarily methane;
- Eliminate up to 30,000 tonnes of
volatile organic compounds (VOCs - considered toxic substances by
Environment and Climate Change Canada);
- Potentially eliminate tailings pond
growth due to froth treatment operations, and
- Generate annual revenues of $2.7
billion within the province of Alberta.
CVW CleanTech has invested over $100 million and
over 15 years to advance the CVW™ technology to
ready-to-deploy status. This technology has been supported by
large-scale integrated piloting and progressive commercial
engineering studies resulting in 20 active patents.
For learn more about CVW CleanTech,
visit:www.cvwcleantech.comwww.cvwcleantech.com/technology/process-and-technology-overview/
About OTC Markets Group Inc.OTC
Markets Group Inc. (OTCQX: OTCM) operates regulated markets for
trading 12,000 U.S. and international securities. Our data-driven
disclosure standards form the foundation of our three public
markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open
Market.
Our OTC Link® Alternative Trading Systems
(ATSs) provide critical market infrastructure that broker-dealers
rely on to facilitate trading. Our innovative model offers
companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are
each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and
SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed
and more efficient markets, visit www.otcmarkets.com.
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Media Contacts:CVW CleanTech Inc.,
+1 (403) 460-8135, Joshua.grant@cvwcleantech.com OTC Markets Group
Inc., +1 (212) 896-4428, media@otcmarkets.com
CVW CleanTech Disclosure Regarding
Forward-looking InformationThis news release contains
forward-looking statements and information within the meaning
of applicable securities laws (collectively, “forward-looking
information”) that reflect the current expectations of
management about the future results, performance,
achievements, prospects, or opportunities of the Company.
Forward-looking statements are frequently, but not
always, identified by words such as “expects”, “anticipates”,
“believes”, “intends”, “estimates”, “potential”, “possible”
and similar expressions, or statements that events, conditions
or results “will”, “may”, “could” or “should” occur or be
achieved. The forward-looking statements may include
statements regarding the Company’s results and its business
plan and/or other future opportunities that are not statements
of fact. Forward-looking statements are statements about the future
and are inherently uncertain, and actual achievements of the
Company may differ materially from those reflected in
forward-looking statements due to a variety of risks,
uncertainties, and other factors. For the reasons set forth
above, investors should not place undue reliance on forward-looking
statements. Important factors that could cause actual results to
differ materially from the Company’s expectations are disclosed in
other information released by the Company from time to time and
filed with the appropriate regulatory agencies.
All forward-looking statements are based on the
Company’s beliefs and assumptions which are based on
information available at the time these assumptions are made. The
forward-looking statements contained herein are as of the date
set out above and are subject to change after this date, and
the Company assumes no obligation to publicly update or
revise the statements to reflect new events or circumstances,
except as may be required pursuant to applicable laws.
Although the Company believes that the expectations
represented by such forward-looking information or statements
are reasonable, there is significant risk that the
forward-looking information or statements may not be achieved,
and the underlying assumptions thereto will not prove to be
accurate. Actual results or events could differ materially from the
plans, intentions and expectations expressed or implied in any
forward-looking information or statements, including the
underlying assumptions thereto, as a result of numerous
risks, uncertainties and/or factors.
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