Enssolutions Announces Issuance of Common Shares
December 31 2013 - 4:04PM
Marketwired
Enssolutions Announces Issuance of Common Shares
TORONTO, ONTARIO--(Marketwired - Dec 31, 2013) - Enssolutions
Group Inc. (TSX-VENTURE:ENV) (PINKSHEETS:NSLSF)("Enssolutions" or
the "Company"), a manufacturer and distributor of environmentally
responsible emulsion products for a wide variety of industrial and
commercial market demands, announced today that it completed a
subscription for common shares to David Lincoln, a director and
controlling shareholder of the Company, as a shares for $1,590,900
of debt transaction in accordance with Policy 4.3 of the TSX
Venture Exchange (the "Transaction"). Pursuant to the Transaction,
Mr. Lincoln was issued 31,818,000 common shares of the Company,
which common shares are subject to a four month hold period
following the date of issuance in accordance with applicable
securities laws. Enssolutions has determined that exemptions from
the various requirements of TSX Venture Exchange Policy 5.9 and
Multilateral Instrument 61-101 are available for the issuance of
the common shares (Formal Valuation - Issuer Not Listed on
Specified Markets; Minority Approval - Fair Market Value Not More
Than $2,500,000).
About Enssolutions
Enssolutions manufactures, distributes and applies
environmentally responsible products to meet a wide variety of
industrial and commercial market demands. Enssolutions provides
engineered environmental solutions for mine tailings control,
process dust and erosion control, granular stabilization, road
construction/maintenance and stockpile sealing. It has production
facilities in Hamilton, Ontario and Phoenix, Arizona that service
some of North America's largest mining, steel, cement, and road
construction/maintenance companies as well as numerous public road
authorities.
For more information on Enssolutions, please visit
www.enssolutions.com.
Certain information in this news release constitutes
forward-looking statements. When used in this news release, the
words "may", "would", "could", "will", "intend", "plan",
"anticipate", "believe", "seek", "propose", "estimate", "expect",
and similar expressions, as they relate to the Company, are
intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things, business objectives, expected growth,
results of operations, performance, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such statements
reflect the Company's current views with respect to future events
based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out
in the Company's public disclosure documents. Many factors could
cause the Company's actual results, performance or achievements to
vary from those described in this news release, including without
limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release and such
forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon.
Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
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.
Enssolutions Group Inc.Darren DierichChief Financial
Officer(877) 520-6767darrendierich@enssolutions.com