Titan Logix Corp. Exercises Stock Warrants in Bri-Chem Corp.
Titan Logix Corp. Exercises Stock Warrants in Bri-Chem Corp.
Edmonton, Alberta--(Newsfile Corp. - August 26, 2022) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announces the exercise of common share purchase warrants ("Warrants") in Bri-Chem Corp. ("Bri-Chem" TSX: BRY), a leading North American oilfield chemical distribution and blending company.
艾伯塔省埃德蒙頓-(Newsfile Corp.-2022年8月26日)-專注於移動液體測量解決方案的技術公司Titan Logix Corp.(多倫多證券交易所股票代碼：TLA)(以下簡稱“Titan”或“公司”)宣佈對北美領先的油田化學品分銷和混合公司Bri-Chem Corp.(“Bri-Chem”多倫多證券交易所股票代碼：BRY)行使普通股認購權證(“認股權證”)。
Each Warrant entitled the Company to acquire one common share of Bri-Chem at a price of $0.10 per share. The Company initially acquired 1,250,000 Warrants through a secured loan participation agreement with Greypoint Capital Inc. that provided financing to Bri-Chem. Repayment of the secured loan was announced May 10, 2022. The Company then purchased an additional 1,175,000 Warrants from other participants in the secured loan for a purchase price of $0.45 per Warrant and immediately exercised all 2,425,000 Warrants then held by the Company. Following issuance of the common shares issuable on exercise of the Warrants, the Company will hold approximately 9.2% of the outstanding common shares of Bri-Chem.
每份認股權證使公司有權以每股0.10美元的價格收購Bri-Chem的一股普通股。該公司最初通過與Greypoint Capital Inc.簽訂的擔保貸款參與協議獲得了125萬份認股權證，該協議為Bri-Chem提供了融資。擔保貸款的償還是在2022年5月10日宣佈的。本公司隨後向抵押貸款的其他參與者額外購買1,175,000份認股權證，購買價為每份認股權證0.45美元，並立即行使本公司當時持有的全部2,425,000份認股權證。在行使認股權證時可發行的普通股發行後，公司將持有Bri-Chem已發行普通股的約9.2%。
The Company considers the share purchase to be a good investment in a mutually aligned business to be held for investment purposes. With approximately $12 million of cash on hand and its marketable securities and no debt the Company is in a strong financial position to execute its investment strategy. This includes potential strategic acquisitions and investments in marketable securities and short to medium term GIC's that provide additional income.
本公司認為是次購股是對將為投資目的而持有的相互一致業務的一項良好投資。由於手頭有大約1200萬美元的現金和有價證券，而且沒有債務，該公司有強大的財務狀況來執行其投資戰略。這包括潛在的戰略收購和對有價證券的投資，以及提供額外收入的中短期GIC。
About Titan Logix Corp.:
關於Titan Logix Corp.：
For over 25 years, Titan Logix Corp. has designed and manufactured advanced measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.
25年來，Titan Logix Corp.設計和製造了先進的測量解決方案，幫助企業降低散裝液體運輸的風險並最大限度地提高效率。Titan的TD系列液位監測器是移動流體測量領域的市場領導者，以其高精度、堅固耐用的設計和固態可靠性而聞名。我們的解決方案專為危險和非危險應用而設計，我們為包括石油、環境解決方案、化工和農業在內的廣泛應用的客户提供服務。
Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.
泰坦物流公司成立於1979年，是一家在多倫多證券交易所創業板上市的上市公司，其股票交易代碼為TLA。
Neither 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.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2021 which is available at . In addition, the occurrence of pandemics, such as the recent outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
本新聞稿中非當前或歷史事實信息的信息可能構成證券法意義上的前瞻性信息。這些信息隱含着對我們未來運營結果的假設。這些假設雖然在準備時被公司認為是合理的，但可能被證明是不正確的。請讀者注意，該公司的實際業績受到許多風險和不確定因素的影響，可能與上文所述的當前預期大不相同。有關這些風險和不確定性的更詳盡信息，請參閲我們關於截至2021年8月31日的年度的管理討論和分析，網址為。此外，大流行的發生，例如最近在本公司、其客户或供應商經營的任何地區爆發的新型冠狀病毒新冠肺炎，都可能導致本公司的運營中斷。此外，流行病、自然災害或其他意想不到的事件可能對石油和天然氣的需求和價格產生負面影響，進而可能對公司的業務、財務狀況、運營業績和現金流產生重大不利影響。本新聞稿中包含的前瞻性信息是基於我們目前的估計、預期和預測，我們認為這些估計、預期和預測在當前日期是合理的。您不應過分重視前瞻性信息，也不應依賴於截至任何其他日期的這些信息。雖然我們可以選擇這樣做，但我們沒有義務也不承諾在任何特定時間更新這些信息，除非適用證券法要求，否則無論是由於新信息、未來事件還是其他原因。
Contact Information:
聯繫方式：
Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
TSX Venture, TLA
尼克·福布斯
首席執行官
電話：(403)561-8095
電子郵件：郵箱：Invest@tantilogix.com
多倫多證券交易所風險投資，TLA
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