Viridis Energy Resolves Lawsuit
07 März 2014 - 10:59PM
Access Wire
Vancouver, BC / ACCESSWIRE / March 7, 2014 / Viridis
Energy Inc. ("Viridis" or the "Company")
(TSXV: VRD), announced today that it has entered into a
mutual release with Robert Gardner in which both parties agreed to
release and discharge all claims and counterclaims connected to the
Supreme Court of British Columbia Action S-115318 (the "Action").
Viridis withdraws all allegations against Mr. Gardner. Viridis
expresses its appreciation for Mr. Gardner's past support and
wishes him well in his future endeavors.
Viridis Investor
Contact:
Yvonne L. Zappulla
Managing Director
Grannus Financial Advisors,
Inc.
212-681-4108
About Viridis Energy Inc.
Viridis Energy Inc. (TSXV:
VRD) is a publicly traded, "Cleantech" alternative energy company
specializing in the agricultural and wood waste biomass. Located in
Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing,
Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing
the company with vertical integration for distribution and
manufacturing as well as coast to coast national presence. For more
information on Viridis Energy Inc. please refer to the company
website at
www.viridisenergy.ca.
Forward-looking
Statements
Certain
statements in this release are forward-looking statements, which
reflect the expectations of management regarding the Company's
future operations. Forward-looking statements consist of statements
that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth
(5) inability to finance the start-up operations in Nova Scotia in
a timely manner (6) inability to retain key management and
employees, (7) an increase in the number of competitors with larger
resources, and (8) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this
news release and the Company intends to update such forward looking
information in the Company's MD&A in the event that actual
results differ materially from such forward-looking statements
contained herein. Additional information about these and other
assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with
Canadian securities regulators.
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.
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