VANCOUVER, BC, Nov. 18, 2022 /PRNewswire/ – Northstar Clear Applied sciences Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Firm”) is happy to announce that it intends to file its unaudited quarterly monetary statements and administration’s dialogue and evaluation (“MD&A”) on SEDAR for the three months ended September 30, 2022 on Tuesday, November 22, 2022. These paperwork will even be out there on the Firm’s web site at www.northstarcleantech.com. The Firm has scheduled a digital investor webcast to debate these monetary outcomes and to supply a enterprise replace to the funding group on Wednesday, November 23, 2022, at 2:00 pm PST / 5:00 pm EST. Particulars are supplied beneath.
Digital Investor Webcast Particulars
Subject: Northstar Clear Applied sciences Third Quarter Monetary Outcomes Webcast
Date: November 23, 2022
Time: 14:00 PST / 17:00 EST
Webcast URL: https://us06web.zoom.us/webinar/register/9016497132073/WN_KkEcr5DOTr2QW0j4GOFfEg
Roughly two hours after the Q&A session has ended, an archived model of the webcast will likely be out there by way of the webcast URL above.
Renewable U Financing Replace
Relating to the strategic financing transaction with Renewable U Power Inc. (“Renewable U”) beforehand introduced by the Firm on October 4, 2022, Renewable U didn’t full the $1 million debenture funding scheduled for October 31, 2022, and Northstar and Renewable U didn’t enter into definitive agreements on November 15, 2022; nonetheless, Northstar and Renewable U are persevering with to progress business discussions. The Firm will present an replace on the transaction sooner or later.
Mental Property Replace
On November 15, 2022, the Firm accomplished an inner transaction with its wholly-owned subsidiary, Empower Environmental Options Ltd. (“Empower”) wherein the Firm acquired mental property associated to the Firm’s proprietary shingle reprocessing know-how (the “Expertise”). In consideration, the Firm designated a brand new collection of its beforehand licensed most popular shares, designated because the Sequence A Most well-liked Shares, and it issued all 1,000 of these Sequence A Most well-liked Shares (collectively, the “Consideration Shares”) to Empower at a deemed value per share of $3,580. Following the issuance of the Consideration Shares, the Firm permitted the redemption of the Consideration Shares in accordance with their particular rights and restrictions.
Northstar Clear Applied sciences Inc. is a Canadian-based clear know-how firm targeted on the sustainable restoration and reprocessing of asphalt shingles. Northstar has developed a proprietary design course of for taking discarded asphalt shingles, in any other case destined for already over-crowded landfills, and extracting the liquid asphalt for utilization in new scorching combine asphalt, shingle manufacturing and asphalt flat roof programs, and mixture and fiber for utilization in development merchandise and different industrial purposes. Targeted on the round economic system, Northstar plans to reprocess used or faulty asphalt shingle waste again into its three major elements for reuse/resale at each its Empower Pilot Facility in Delta, British Columbia and its first business scale up facility in Calgary, Alberta. As an rising innovator in sustainable processing, Northstar’s mission is to be the chief within the restoration and reprocessing of asphalt shingles in North America, extracting the recovered elements from asphalt shingles that may in any other case be despatched to landfill.
For additional details about Northstar, please go to www.northstarcleantech.com.
On Behalf of the Board of Administrators,
President & CEO, Director
Cautionary Assertion on Ahead-Wanting Data
Neither the TSXV nor its Regulation Providers 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 permitted nor disapproved the contents of this press launch.
This press launch might include ahead–trying data inside the that means of relevant securities laws, which ahead–trying data displays the Firm’s present expectations concerning future occasions. Ahead-looking statements are sometimes recognized by the phrases “might”, “would”, “may”, “ought to”, “will”, “intend”, “plan”, “anticipate”, “imagine”, “estimate”, “anticipate” or comparable expressions. Ahead-looking statements on this press launch embody statements regarding: (i) the supposed timing of submitting of Northstar’s September 30, 2022 monetary statements, and (ii) Northstar’s potential to change into a pacesetter within the restoration and reprocessing of asphalt shingles in North America. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements, together with dangers associated to elements past the management of the Firm in addition to these dangers and uncertainties that are extra totally described underneath the heading “Danger Components” within the ultimate prospectus of the Firm dated June 18, 2021 and within the Firm’s annual and quarterly administration’s dialogue and evaluation and different filings with the Canadian securities regulatory authorities underneath the Firm’s profile on SEDAR. The continuing COVID-19 pandemic, labour shortages, inflationary pressures, rising rates of interest, the worldwide monetary local weather and the battle in Ukraine and surrounding areas are some further elements which can be affecting present financial situations and growing financial uncertainty, which can influence the Firm’s working efficiency, monetary place, and future prospects. Collectively, the potential impacts of this financial surroundings pose dangers which can be presently indescribable and immeasurable. No assurance might be provided that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will receive from them. The Firm doesn’t undertake any obligation to replace such ahead–trying data whether or not due to new data, future occasions or in any other case, besides as expressly required by relevant legislation.
View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/northstar-announces-corporate-and-intellectual-property-update-and-announces-details-of-q3-2022-financial-results-and-virtual-investor-webcast-301683125.html
SOURCE Northstar Clear Applied sciences Inc.