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CALGARY, Alberta, March 15, 2021 (GLOBE NEWSWIRE) – CEMATRIX Company (TSXV: CVX) (“CEMATRIX“or the”Business») Is pleased to announce that following the press release dated March 3, 2021 which announced the increase in the public offer and the filing of the amended and updated preliminary simplified prospectus, it has filed a prospectus simplified definitive (the “Prospectus“) To securities regulators in the provinces of Ontario, Manitoba, Alberta, Saskatchewan and British Columbia, in connection with a public offering (the”Offer“) Units (the”Units”) From the company at a price of $ 0.65 per unit. The Offer is being conducted on a commercially reasonable efforts agency basis by a syndicate of agents led by Gravitas Securities Inc. and Clarus Securities Inc., as co-principal agents and bookkeepers, on behalf of a union of agents (collectively, the “Agents”).
Each Unit will consist of one ordinary share of the Company (each being a “Common share“) And a half common share purchase warrant (each full warrant, a”To guarantee”). Each warrant will be exercisable for one common share at a price of $ 0.81, for a period of 24 months after the closing of the offering.
The closing of the offering is expected to occur on March 18, 2021 or such other date as the Company and the Agents may agree. Closing of the offering is subject to customary closing conditions including, but not limited to, the signing of an agent agreement and obtaining all necessary regulatory approvals, including regulatory approval. securities and the TSX Venture Exchange.
The net proceeds of the placement will be used to fund future acquisitions, new equipment and personnel to support regional expansion and general working capital, including debt repayment.
The units to be issued within the framework of the offering will be offered by means of a simplified prospectus in each of the countries of Ontario, Manitoba, Alberta, Saskatchewan and British Columbia and in all other territories including the Company. and the Agents may agree in accordance with NI 44-101. – Distributions of simplified prospectus. A copy of the Prospectus is available under the Company’s profile at www.sedar.com or upon request from Gravitas Securities Inc. at [email protected] or Clarus Securities Inc. at [email protected].
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or on behalf of or for the benefit of , American nationals. missing registration or applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the securities in any state where such an offer, solicitation or sale would be illegal.
ABOUT CEMATRIX
CEMATRIX is a fast growing, cash flow positive company that manufactures and supplies state of the art aerated concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection offers cost-effective and innovative solutions to a wide range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Thanks to the recent acquisitions of MixOnSite of Chicago and Pacific International Grout of Bellingham, CEMATRIX is now the largest aerated concrete company in North America. For more information, please visit our website at www.cematrix.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “believes”, “intends”, “anticipates”, “believes” or variations of. those words, or statements that certain actions, events or results “may”, “could”, “would”, “could”, “will be taken”, “will occur” or “will be achieved”. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by the Company, including expectations and assumptions regarding the conditions, timing and potential completion of the Offer, the satisfaction of regulatory requirements in various jurisdictions and the company’s forecasts. the use of the net proceeds of the Offer. Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company with Canadian securities regulators, which could cause the results, actual performance, outlook and opportunities differ materially from those expressed or implied forward-looking statements.
Although the company believes that the assumptions and factors used in the preparation of these forward-looking statements are reasonable based on information currently available to management at the date hereof, actual results and developments may differ materially from those contemplated in these statements. statements. Readers are therefore cautioned not to place undue reliance on these statements, which apply only as of the date of this press release, and no guarantee can be given that such events will occur within the timeframes indicated or not. at all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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.
For more information, please contact:
Jeff Kendrick – President and CEO
Telephone: (403) 219-0484
Glen Akselrod – Chairman, Bristol Capital
Telephone: (905) 326 1888 ext 1
[email protected]
Jeff Walker, The Howard Group – Investor Relations
Telephone: (888) 221-0915 or (403) 221-0915
[email protected]
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