MONTREAL, (QC), January 6, 2021 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec” or the “Company“), a global provider of clean energy solutions, is pleased to announce today that it has received final approval from the Toronto Stock Exchange (the “TSX“) to list its common shares on the TSX.
Xebec’s common shares will commence trading on the TSX at the market open on Thursday, January 7, 2021.
Xebec’s common shares will continue to trade under the stock symbol “XBC” on the TSX, and the Company’s common shares will be delisted from the TSX Venture Exchange at the commencement of trading on the TSX.
The Company will commemorate its listing on the TSX by ringing the opening bell of the TSX on Monday, February 1, 2021. Kurt Sorschak, Xebec’s Chairman, CEO and President, will be joined in ringing the opening bell by other members of the Company’s senior management, members of the Board of Directors and other professional colleagues supportive of Xebec’s journey to date.
“Today marks an important day in Xebec’s journey to decarbonize the world with renewable gases,” said Kurt Sorschak, Chairman, CEO and President of Xebec. “We have been working diligently over the past year to meet the more stringent requirements of the TSX and this graduation shows the culmination of this hard work. Graduating to the main board is expected to help us broaden our shareholder base, improve liquidity and I am happy to be celebrating this significant milestone alongside my colleagues.”
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
+1 450.979.8700 ext 5762
Public Stratégies et Conseils for Xebec
Victor Henriquez, Senior Partner
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 1,500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Québec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. For more information, www.xebecinc.com.
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 the graduation to the TSX, the benefits of such listing, 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, notably as a consequence of the Covid-19 pandemic, Xebec’s capacity to generate revenue growth, the availability to Xebec of financing and credit alternatives and access to capital, Xebec’s capacity to meet all its other commitments and business plans, Xebec’s limited number of customers, the potential loss of key employees, changes in the use of proceeds relating to the loan, share price volatility, 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.