EV Technology Group Files Preliminary Base Shelf Prospectus to Raise Up to C$50M to Execute on Its Growth Plans
25 Oktober 2022 - 1:00PM
EV Technology Group Ltd. (the “
Company” or
“
EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF,
DE: B96A) announces today that it has filed a preliminary base
shelf prospectus (the "
Base Shelf Prospectus")
with the securities regulators in the provinces of Alberta, Ontario
and British Columbia.
The Base Shelf Prospectus (when effective) will qualify the
distribution from treasury up to C$50 million of common shares,
debt securities, subscription receipts, warrants and units of the
Company (collectively, “Securities”) or any
combination thereof during the 25-month period that the Base Shelf
Prospectus remains effective. The specific terms of any future
offering of Securities will be set forth in a prospectus supplement
to the Base Shelf Prospectus, which will be filed with the
applicable Canadian securities regulatory authorities in connection
with any such offering.
EV Technology Group files preliminary base shelf
prospectus to raise up to C$50M to execute on its growth plans
Wouter Witvoet, CEO of EV Technology Group
said, “This is an important milestone for our Company, as
we look to our next stage of growth. The capital markets have
responded strongly to our strategy of electrifying iconic brands
and we look forward to this filing enabling our strategy.”
This press release does not constitute an offer to sell or the
solicitation of an offer to buy Securities, nor will there be any
sale of the Securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under securities laws of any such jurisdiction.
The Securities have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption
from the registration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the Securities in any State or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
A copy of the Base Shelf Prospectus is available on SEDAR
(www.sedar.com).
EV Technology GroupEV Technology Group was
founded in 2021 with the vision to electrify iconic brands – and
the mission to redefine the joy of motoring for the electric age.
By acquiring iconic brands and bringing beloved motoring
experiences to the electric age, EV Technology Group is driving the
EV revolution forward. Backed by a diversified team of passionate
entrepreneurs, engineers and driving enthusiasts, EV Technology
Group creates value for its customers by owning the total customer
experience — acquiring and partnering with iconic brands with
significant growth potential in unique markets, and controlling
end-to-end capabilities. To learn more visit:
https://evtgroup.com/
MediaRachael
D’Amorerachael@talkshopmedia.com +1519-564-9850
Investor Relations Dave
Gentrydave@redchip.com +14074914498
EV Technology GroupWouter WitvoetCEO and
Chairman of the Boardwouter@evtgroup.com
Forward-Looking Information
This news release contains forward-looking statements including,
but not limited to: the closing of the acquisition of Fablink Group
Holdings Ltd., information relating to the amount and terms of any
offering of Securities under the Base Shelf Prospectus, the
effectiveness of the Base Shelf Prospectus, the filing of any
prospectus supplement and the business and strategic plans of the
Company. Often, but not always, these Forward-looking Statements
can be identified by the use of words such as “estimated”,
“potential”, “open”, “future”, “assumed”, “projected”, “used”,
“detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”,
“containing”, “remaining”, “to be”, or statements that events,
“could” or “should” occur or be achieved and similar expressions,
including negative variations.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any results, performance or achievements expressed
or implied by the Forward-looking Statements, including those
factors discussed under “Risk Factors” in the filing statement and
the annual information form of the Company. Although the Company
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in Forward-looking Statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended.
Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully and readers should not
place undue reliance on the forward-looking statements. Although
the forward-looking statements contained in this news release are
based upon what management believes to be reasonable assumptions,
the Company cannot assure readers that actual results will be
consistent with these forward-looking statements. The
forward-looking statements contained herein are made as of the date
hereof and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except where required by
law. There can be no assurance that these forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7c4f1f02-5c1b-4caf-b256-8026726b6c7d
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