Northstar Clear Applied sciences Inc. (TSXV: ROOF) is happy to announce that the Firm’s frequent shares (“Shares”) and warrants to buy Shares (“Warrants”) will begin buying and selling on the TSX Enterprise Change on the opening of the market on July 13, 2021 beneath the symbols “ROOF” and “ROOF.WT”.
Northstar Clear Applied sciences Inc. (TSXV: ROOF) (“Northstar” or the “Firm”) is happy to announce that the Firm’s frequent shares (“Shares”) and warrants to buy Shares (“Warrants”) will begin buying and selling on the TSX Enterprise Change (the “TSXV”) on the opening of the market on July 13, 2021 beneath the symbols “ROOF” and “ROOF.WT”, respectively. The Firm has 106,110,903 Shares and 17,487,587 Warrants excellent, of which an combination of 17,040,927 Shares and 75,000 Warrants owned by principals of the Firm are held in escrow for launch over time, in compliance with Nationwide Coverage 46-201 Escrow for Preliminary Public Choices, and seven,111,260 Shares owned by non-principals are held in escrow for launch over time in accordance with the insurance policies of the TSXV. The Firm just lately accomplished a non-brokered non-public placement providing (the “Providing”) on Could 25, 2021 and Could 26, 2021 for combination gross proceeds of roughly $12.24 million.
Neil Currie, CEO and Director of Northstar, stated: “We’re excited to substantiate our first day as a listed firm on the TSXV, a historic milestone within the Firm’s evolution. As a BC-based newly public firm that recovers all sustainable materials from asphalt shingles, we imagine that the TSXV is the perfect market to showcase our Canadian-developed clear expertise to Canada and the world. We’re centered on serving to divert single-use asphalt shingles away from landfills and our current capital increase of $12.24 million permits us to execute on our marketing strategy to ramp-up into industrial manufacturing at our Empower Facility in Delta, BC and later consider growth alternatives all through Canada and the USA. We imagine our clear expertise answer can have a big constructive affect on the setting by lowering landfill utilization, whereas additionally assembly the anticipated sturdy market demand for our merchandise.”
Neil Currie additionally commented: “I want to thank our shareholders for his or her assist and confidence in our daring mission of changing into a number one single-use asphalt shingle materials restoration supplier in North America. I’d additionally to thank our authorized counsel at Clark Wilson LLP, and the groups at Canaccord Genuity, PI Monetary, Haywood Securities and Leede Jones Gable for all their assist within the course of. I’d additionally wish to thank the administration crew and Board of Administrators at Northstar, whose arduous work and dedication have enabled this itemizing to occur.”
Investor Relations Replace
The Firm would additionally like to supply an replace on its total mixed investor relations and advertising and marketing technique. The Firm has entered into agreements with Kin Communications Inc. (“Kin”), Native Adverts Inc. (“Native Adverts”) OBIG Company Bulletin (“OGIB”), and Impartial Buying and selling Group (ITG) Inc. (“ITG”). The settlement with Kin has acquired the conditional approval of the TSXV, and the opposite agreements are beneath evaluation and haven’t but been accredited. Every of the agreements are topic to the ultimate approval of the TSXV, and take impact as of the date of ultimate approval.
The Firm has entered into an Investor Relations Settlement dated June 23, 2021 with Kin, whereby it has engaged Kin to help with investor relations actions, together with speaking with and advertising and marketing to potential buyers, shareholders and media contacts for an preliminary time period of twelve months, and month to month thereafter. Kin has been engaged to intensify market and model consciousness for the Firm and to broaden the Firm’s attain throughout the funding group. In consideration for the companies, the Firm can pay Kin $12,500 on a month-to-month foundation throughout the time period. The Firm has, topic to TSXV approval, granted Kin inventory choices entitling it to buy 300,000 Shares of the Firm at a value of $0.35 per share with a five-year time period, vesting in phases over 12 months starting on the 3-month anniversary of the issuance. Kin is owned by President & CEO Arlen Hansen, and the Firm has been suggested that the Mr. Hansen at the moment holds 475,493 Shares and 128,500 Warrants.
Moreover, the Firm has entered right into a Grasp Companies Settlement dated June 29, 2021 with Native Adverts to supply and handle a complete digital media advertising and marketing marketing campaign. The events have budgeted for a value of US$257,000 to be paid by the Firm over the time period of the marketing campaign, which is predicted to final six months. The marketing campaign contains, however will not be restricted to, content material creation, internet growth, media shopping for and distribution, promoting growth, knowledge analytics, and marketing campaign reporting and optimization. Native Adverts is a full-service advert company that operates an advert trade for content material publishers with an workplace in Vancouver, B.C. Neither Native Adverts, nor any of its respective, principals, administrators and/or officers personal any securities of the Firm or any proper to amass securities of the Firm. Native Adverts is privately owned and is an arm’s size occasion to the Firm.
The Firm has entered right into a advertising and marketing settlement with OGIB, whereby OGIB will produce articles highlighting the Firm to assist achieve publicity to retail buyers throughout North America for a value of $150,000 plus any relevant taxes to be paid over the preliminary time period of 6 months. OGIB has a large viewers from throughout North America, constructed over 11 years of manufacturing high-quality content material. The Firm has been suggested that the Principal of OGIB, Keith Schaefer, at the moment holds 100,000 Shares and 50,000 Warrants.
The Firm has entered right into a market making settlement with ITG, whereby ITG has agreed to make a two-sided market within the Shares on the TSXV for an preliminary time period of three months, efficient as of the date the settlement is accredited by the TSXV. The Firm has agreed to pay $5,000 per 30 days to ITG for its companies for the preliminary three month time period, and the time period will robotically renew for successive one month phrases until terminated by both occasion. Neither ITG, nor any of its respective, principals, administrators and/or officers presently personal any securities of the Firm or any proper to amass securities of the Firm.
For additional details about Northstar, please go to www.northstarcleantech.com. The Firm’s remaining prospectus dated June 18, 2021, amongst different paperwork, is offered on the Firm’s profile web page on SEDAR at www.sedar.com.
Northstar has developed a proprietary course of often called “Bitumen Extraction and Separation Know-how” for taking discarded asphalt shingles, in any other case destined for already over-crowded landfills, and extracting the liquid asphalt, combination sands and fiber for utilization in new hotmix asphalt, building merchandise and different industrial functions. Northstar’s proprietary course of was developed during the last decade with technical and scientific help from the United Kingdom and Alberta. Northstar will course of used or faulty asphalt shingle waste again into their part elements for reuse/resale and eradicate the necessity for them to be disposed of in a landfill at its materials restoration facility positioned on a 4.23 acre property with a 20,000 sq. foot constructing in Delta, British Columbia. Northstar’s mission is to be one of many main shingle materials restoration suppliers in North America, extracting 99% of the recovered parts from asphalt shingles that will in any other case be despatched to a landfill.
Cautionary Assertion on Ahead-Wanting Data
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch. The TSXV has neither accredited nor disapproved the contents of this press launch.
This press launch could include forward-looking data throughout the which means of relevant securities laws, together with statements on the subject of the anticipated timing of the itemizing of the Shares and Warrants, the Firm’s execution of its marketing strategy and analysis of growth alternatives, the anticipated advantages of, and the marketplace for, the Firm’s merchandise, and the companies to be offered by Kin, Native Adverts, OGIB and ITG, which forward-looking data displays the Firm’s present expectations relating to future occasions. Ahead-looking statements are sometimes recognized by the phrases “could”, “would”, “might”, “ought to”, “will”, “intend”, “plan”, “anticipate”, “imagine”, “estimate”, “anticipate” or comparable expressions. Ahead-looking data is predicated on quite a few assumptions and is topic to quite a few dangers and uncertainties, a lot of that are past the Firm’s management, which might trigger precise outcomes and occasions to vary materially from these which might be disclosed in or implied by such forward-looking data. Such dangers and uncertainties embody, however will not be restricted to, failure to fulfill the entire circumstances to finish the Itemizing, and the components mentioned beneath “Danger Components” within the remaining prospectus of the Firm dated June 18, 2021. The Firm doesn’t undertake any obligation to replace such forward-looking data whether or not due to new data, future occasions or in any other case, besides as expressly required by relevant regulation.
Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could fluctuate materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. Though the Firm has tried to determine necessary dangers, uncertainties and components which might trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant and such adjustments might be materials. The Firm doesn’t intend, and don’t assume any obligation, to replace the forward-looking statements besides as in any other case required by relevant regulation.