VANCOUVER, BC, March 7,
2023 /CNW/ - Klimat X Developments Inc. ("Klimat
X" or the "Corporation") (TSXV: KLX) is very pleased to
announce the appointment of Celia
Francis to the Board of Directors. Ms. Francis is a proven
pioneer in leading emerging digital and ClimateTech focused
companies. She plays a central and active role in the emergence of
carbon markets around the world, working on finance, technology
solutions and project origination efforts. Ms. Francis was Chief
Commercial Officer at Earthshot, brokering voluntary carbon credit
based financing into a variety of high quality nature restoration
projects around the planet. She is also a board member at NREP, the
leading real estate and urban developer in Northern Europe with a science-based
commitment to NetZero by 2028. Celia is the founder of The Art of
Forests Alliance, a cooperative of the world's most experienced
at-scale forest restoration organizations. After graduating from
Harvard and gaining an MBA from
MIT, Celia held CEO and GM roles at
leading technology companies including AltaVista, T-Mobile, and
social networking company WeeWorld. She also served as CEO of Rated
People, the UK's leading online home improvement marketplace which
brings together homeowners and tradespeople.
"As we ramp up our efforts across our key jurisdictions, it is
important that the company expand the experience base of the board
to include members with direct experience in carbon finance and in
the range of technologies that can help reduce the cost of carbon
project and simplify the carbon credit development process. Celia
has been an advisor to Klimat X for almost a year and has made
invaluable contributions to our growth. We are very excited to see
that role expand as a board member" - Dr. James Tansey, Chief Executive Officer
The Corporation also announces that Ford Nicholson and Mischa
Zajtmann will depart from the board of directors of the Corporation
(the "Board"), effective as of the date of this press
release. Ford Nicholson played a
central and critical role in the establishment of the company and
has been an active and highly engaged member of the board,
supporting fundraising, investor outreach and identification and
exploration of new jurisdictions. This transition will allow him to
focus on new business opportunities. Mr Zajtmann has brought many
years of public and private corporate experience to the company and
has played a key role as Chair of the Audit Committee.
"I am extremely grateful for the commitment and experience Ford
and Mischa brought to Klimat X during the early stages of our
formation and the listing process. They have both provided sage
advice and have been champions for the company. We will remain in
close contact and I wish them the best of luck with their future
endeavours' said James Tansey,
CEO.
About Klimat X
Klimat X carries on the business of developing validated and
verified carbon credits from afforestation and reforestation of
degraded land areas and marine ecosystems, including mangroves, for
sale into international voluntary carbon markets. In contrast to
streaming and royalty companies, Klimat X works upstream as a
direct owner and operator of projects, addressing a key supply
constraint the current market and the rapidly growing demand for
carbon credits in global voluntary and regulated markets. The
Corporation intends to achieve this by investing in the
exploration, restoration and management of terrestrial and marine
systems that can either be protected to enhance the sequestration
of greenhouse gases or restored from a degraded status to fully
productive ecosystems. Klimat X will draw on the experience of a
senior executive team and Board that provide access into key target
jurisdictions through relationships in the mining and natural
resources sectors, combined with decades of experience in carbon
markets. Klimat X plans to deploy capital at risk under various
arrangements (including cooperation, assignment and production
sharing agreements) with large land owners and governments in
various suitable jurisdictions around the world.
Reader Advisory
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will",
"intends" "expects" and similar expressions which are intended to
identify forward-looking information or statements. Klimat X
cautions that all forward-looking statements are inherently
uncertain, and that actual performance may be affected by a number
of material factors, assumptions and expectations, many of which
are beyond the control of Klimat X. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted as a
result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of Klimat X.
The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to
be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release
are made as of the date of this press release, and Klimat X does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by securities law.
SOURCE KLIMAT X Developments Inc.