CCR Technologies Ltd.: Private Sale of Shares by Director and Control Person
April 28 2010 - 6:52PM
Marketwired Canada
CCR Technologies Ltd. (CNSX:CRL) ("CCR" or the "Corporation") and Donald R.
Seaman, a director and control person of the Corporation jointly announce that,
for estate planning purposes, Mr. Seaman has sold, directly and indirectly, by
way of exempt private placement pursuant to applicable prospectus exemptions, a
total of 23,805,076 common shares of the Corporation (representing 27.3% of the
issued and outstanding common shares of the Corporation) at a purchase price of
$.0025 per common share to certain immediate members of his family, none of whom
are insiders of the Corporation. The purchasers, each of whom individually hold
less than 10% of the issued and outstanding common shares of the Corporation do
not act jointly or in concert. The common shares purchased by each of the
purchasers are subject to a four month hold period that expires on August 28,
2010.
CCR Technologies purifies process chemicals and sweetens sour gas through the
use of proprietary patented separation technologies. The Corporation provides
environmental and economic benefits to the upstream and downstream oil and gas
industries, and is also pursuing new separation business opportunities in other
industries and international markets.
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