Vancouver, British Columbia, November 18, 2022 /PRNewswire/ – Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company”) intends to file unaudited quarterly financial statements and management’s discussion and analysis We are pleased to announce the (“MD&A”) at SEDAR for the 3 months ended September 30, 2022 upon Tuesday, November 22, 2022These documents are also available on our website www.northstarcleantech.com. The Company plans to host virtual investor webcasts to discuss these financial results and provide business updates to the investment community. Wednesday, November 23, 2022and 2 pm / 5:00 p.m. ETDetails are provided below.
Virtual investor webcast details
Topic: Northstar Clean Technologies Third Quarter Financial Results Webcast
date: November 23, 2022
time: 14:00 PST / 17:00 EST
Webcast URL: https://us06web.zoom.us/webinar/register/9016497132073/WN_KkEcr5DOTr2QW0j4GOFfEg
Approximately two hours after the Q&A session concludes, an archived version of the webcast will be available at the webcast URL above.
Update on Renewable U Financing
Regarding our recently announced strategic financing transaction with Renewable U Energy Inc. (“Renewable U”) October 4, 2022renewable energy U is $ 1,000,000 Plan to raise funds through corporate bonds October 31, 2022and Northstar and Renewable U are November 15, 2022however, Northstar and Renewable U continue to pursue commercial discussions. We will provide timely updates on transactions.
Intellectual property update
upon November 15, 2022, the Company has completed an internal transaction with its wholly-owned subsidiary, Empower Environmental Solutions Ltd. (“Empower”). As a result, we acquired intellectual property related to our proprietary shingle reprocessing technology (“Technology”). In consideration, the Company has designated a new series of previously authorized Preferred Stock as Series A Preferred Stock, and he will issue all 1,000 Series A Preferred Stock (collectively, the “Consideration Stock”) at a deemed price to Empower. did. per share $3,580• Subsequent to issuance of the Consideration Shares, the Company has authorized the redemption of the Consideration Shares, subject to the Special Rights and Restrictions of the Consideration Shares.
Northstar Clean Technologies Inc. is a Canada-based clean technology company focused on sustainable recovery and reprocessing of asphalt shingles. Northstar will take discarded asphalt shingles (which would otherwise be sent to an already overcrowded landfill), extract new hot mix asphalt, liquid asphalt for use in shingle manufacturing and asphalt flat roof systems, and Construction products and other industrial uses. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste into its three main components for reuse/resale. Delta, British Columbia and its first commercial scale-up facility Calgary, AlbertaAs an emerging innovator in sustainable processing, Northstar’s mission is to be the leader in asphalt shingle recovery and reprocessing. North Americaextracting components recovered from asphalt shingles that would otherwise be sent to landfills.
For more information on Northstar, please visit www.northstarcleantech.com.
On behalf of the Board of Directors,
Representative Director and President
Cautionary Note Regarding Forward-Looking Statements
NEITHER TSXV NOR ITS REGULATORY SERVICE PROVIDERS (TERMS AS DEFINED IN THE TSXV POLICIES) ASSUME ANY RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE. TSXV neither endorses nor disapproves of the contents of this press release.
This press release may contain forward-looking information within the meaning of applicable securities laws, and forward-looking information reflects our current expectations of future events. Forward-looking statements often use the term “may,” “could,” “could,” “should,” “will,” “intend,” “plan”, “predict”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking statements in this press release include statements regarding: September 30, 2022 financial statements and (ii) Northstar’s ability to be a leader in asphalt shingle recovery and reprocessing North America. Such statements are subject to risks and uncertainties that could cause actual results, performance or developments to differ materially from those contained in the statements. This includes risks associated with factors beyond our control and risks and uncertainties that are more fully described.under the heading “Risk Factors” in the company’s final prospectus dated June 18, 2021 Also, our annual and quarterly management discussions and analysis and other filings with Canadian securities regulators under our profile on SEDAR.Ongoing COVID-19 Pandemic, Labor Shortage, Inflationary Pressures, Rising Interest Rates, Global Financial Conditions, Conflicts Ukraine and surrounding regions are several additional factors affecting current economic conditions and increasing economic uncertainty, which may affect our results of operations, financial condition and future prospects. I have. Overall, the potential impact of this economic environment poses unexplainable risks at this time. No assurance can be given that the events anticipated in the forward-looking statements will occur or how we will benefit from them if they do occur. We undertake no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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Source Northstar Clean Technologies Inc.