TSX Venture Exchange Stock Maintenance Bulletins – QNT Press Release

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VANCOUVER, BC, April 29, 2022 /CNW/ –

CLEARFORD WATER SYSTEMS INC. (“CLI.H”)
[formerly CLEARFORD WATER SYSTEMS INC. ("CLI")]
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain Halted
BULLETIN DATE: April 29, 2022
TSX Venture Tier 2 Company

In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Tuesday, May 03, 2022the Company’s listing will transfer to NEX, the Company’s Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX.

As of May 03, 2022the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The trading symbol for the Company will change from CLI to CLI.H. There is no change in the Company’s name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.

Further to the TSX Venture Exchange bulletin dated April 29, 2022 and the Company’s new release issued April 29, 2022trading will remain halted pending review of Exchange Requirements.

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HILO MINING LTD. (“HILO“)
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: April 29, 2022
TSX Venture Tier 2 Company

Effective at the opening of Tuesday, May 3, 2022the shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as an ‘All Other Metal Ore Mining’ company, NAICS 212299.

The Company is not presently trading on any other stock exchange.

For further information, please refer to the Company’s Listing Application dated April 26, 2022 and filed on sedar.

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CHARBONE HYDROGEN CORPORATION (“CH”)
[formerly Orletto Capital II Inc. ("OLT.P")]
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Reinstated for Trading, Private Placement-Brokered, Name Change and Consolidation
BULLETIN DATE: April 29, 2022
TSX Venture Tier 2 Company

Qualifying Transaction:
TSX Venture Exchange has accepted for filing the qualifying transaction (the “Qualifying Transaction”) of Orletto Capital II Inc. (the “Company”) described in its Filing Statement dated March 31, 2022. As a result, at the opening on Tuesday, May 3, 2022the Company will no longer be considered as a Capital Pool Company.

The Qualifying Transaction consists of the acquisition of all of the issued and outstanding shares of Charbone Corporation (“Charbone”) in consideration of 29,311,285 common shares of the resulting issuer at a deemed price of $0.40 per share ($11,724,514).

A total of 20,289,636 common shares and 66,667 common share purchase warrants issued pursuant to the Qualifying Transaction are escrowed, pursuant to an Exchange Tier 2 Value Escrow Agreement.

The Company is classified as “Industrial gas manufacturing” and “Hydro-electric power generation” issuer (NAICS Numbers: 325120 and 221111).

For further information, please refer to the Company’s Filing Statement dated March 31, 2022available on SEDAR.

Reinstated for Trading:
Further to TSX Venture Exchange’s Bulletins dated July 30, 2019 and August 18, 2020, the securities of the Resulting Issuer will be reinstated to trade at the opening on Tuesday, May 3, 2022.

Brokered Private Placement:
TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement (the “Private Placement”). This Private Placement consisted of the issuance of subscription receipts, which were exchanged into common shares upon closing of the Qualifying Transaction, as follows :

Insider / Pro Group Participation:

Finders’ Fees: Finders collectively received $360,640 in cash, 250,000 in shares, 125,000 in warrants to purchase 125,000 common shares at a price of $0.60 for 18 months and 901,600 common share purchase warrants at $0.40 for 18 months.

The Company has confirmed that the closing of the Private Placement pursuant to news releases dated March 17, 2022.

Name Change and Consolidation:
Pursuant to a special resolution passed by shareholders on June 22, 2022the Company has consolidated its capital on a 1.079365 old shares for 1 new share basis. The name of the Company has also been changed from Orletto Capital II Inc. to Charbone Hydrogen Corporation.

Effective at the opening on Tuesday, May 3, 2022the common shares of Charbone Hydrogen Corporation will commence trading on TSX Venture Exchange, and the common shares of Orletto Capital II Inc. will be delisted.

The Exchange has been advised that the above transactions have been completed.

CORPORATION CHARBONE HYDROGÈNE (« CH »)
[antérieurement Capital Orletto II Inc. (« OLT.P »)]
TYPE DE BULLETIN : Opération admissible – complétée/Changement de symbole, Réadmission à la négociation, Placement privé à l’entremise d’un courtier, Changement de dénomination sociale et regroupement
DATE DU BULLETIN : 29 avril 2022
Société du groupe 2 de TSX Croissance

Opération admissible :
La Bourse de croissance TSX a accepté le dépôt des documents relativement l’opération admissible (l’ « Opération admissible ») de Capital Orletto II Inc. (la « Société ») décrite dans sa déclaration de changement à l’inscription datée du 31 mars 2022. Par conséquent, à l’ouverture des marchés, mardi le 3 mai 2022la Société ne sera plus considérée comme une société de capital de démarrage.

L’Opération admissible consiste en l’acquisition de toutes les actions émises et en circulation de Charbone Corporation (“Charbone”) pour une considération de 29 311 285 actions ordinaires de l’émetteur résultant au prix réputé de 0,40 $ par action ( 11 724 514 $).

Un total de 20 289 636 actions ordinaires et 66 667 bons de souscription émis dans le cadre de l’Opération admissible sont entiercés en vertu d’une convention de titres de valeurs du groupe 2 de la Bourse de croissance TSX.

La Société est catégorisée dans les secteurs « Fabrication de gaz industriels » et « Production d’hydroélectricité » (numéros SCIAN : 325120 et 221111).

Pour de plus amples renseignements, veuillez vous référer à la déclaration de changement à l’inscription datée du 31 mars 2022, qui est disponible sur SEDAR.

Réadmission à la négociation :
Suite aux bulletins de la Bourse de croissance TSX datés du 30 juillet 2019 et du 18 août 2020, les titres de l’émetteur résultant seront réadmis à la négociation à l’ouverture des marchés, mardi le 3 mai 2022.

Placement privé à l’entremise d’un courtier :
La Bourse de croissance TSX a accepté le dépôt de la documentation en vertu d’un placement privé à l’entremise d’un courtier (le « Placement privé »). Ce Placement privé consistait en l’émission de reçus de souscription, qui ont été échangés contre des actions ordinaires à la clôture de l’Opération admissible, comme suit :

Participation Initié / Groupe Pro :

Full story available on Benzinga.com

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