EEStor Corporation Terminates Negotiations With FWG Ltd.
January 20 2020 - 4:10PM
EEStor Corporation (the
“
Company”) (TSXV: ESU) announces that it has
terminated negotiations with FWG Ltd. (“
FWG”) and
will not be proceeding with the previously announced
acquisition. The parties have been unable to reach agreement
surrounding the structure of the proposed acquisition, and as a
result have elected not to move forward. No funds were
advanced by the Company to FWG, and the Company has not assumed any
contingent liabilities arising from the proposed acquisition.
About EEStor
EEStor is a developer of high energy density
solid-state capacitor technology utilizing patented Composition
Modified Barium Titanate (CMBT) material. EEStor is committed
to providing commercially viable and sustainable energy solutions
across a broad spectrum of industries and applications.
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.
All statements, other than statements of
historical fact, contained in this press release including, but not
limited to (i) generally, or the “About EEStor” paragraph which
essentially describes the Corporation’s outlook and objectives,
constitute ''forward-looking information'' or ''forward-looking
statements'' within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the time of
this press release. Forward looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by the Corporation as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies
can directly or indirectly affect, and could cause, actual results
to differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking statements or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Ian Clifford Chief Executive
Officer 416-535-8395 ext.3Ian.clifford@eestorcorp.com |
EEStor (TSXV:ESU)
Historical Stock Chart
From Jun 2024 to Jul 2024
EEStor (TSXV:ESU)
Historical Stock Chart
From Jul 2023 to Jul 2024