News Release
Pristine Power Inc. To Trade On Toronto Stock Exchange
Pristine Power Inc. (the "Company") – An application has been granted for the original listing in the Industrial category of 34,772,109 common shares (“Common Shares”), of which 28,895,190 will be issued and outstanding and 5,876,919 Common Shares will be reserved for issuance.
Listing of the Common Shares will become effective at 5:01 p.m. on Monday, March 17, 2008, in anticipation of the closing on March 18, 2008. The Common Shares will be posted for trading at the opening on Tuesday, March 18, 2008.
Symbol: PPX
CUSIP: 74270V 10 9
Trading Currency: CDN
Temporary Market Maker: Raymond James Ltd.
Other Markets: None.
Head Office Address: Suite 1450, 645 – 7th Avenue SW
Calgary, AB T2P 4G8
Head Office Telephone Number: (403) 444-6401
Fax Number: (403) 444-6784
E-mail: info@pristinepower.ca
Website: www.pristinepower.ca
Investor Relations Contact: Geoffrey D. Krause
Tel: (403) 444-6405
E-mail: gkrause@pristinepower.ca
Incorporation: The Company was incorporated on August 6, 2004 under the Canada Business Corporation Act.
Fiscal Year End: December 31
Nature of Business: The Company is in the business of developing, owning and operating independent power plants that will produce and sell electricity, and in some cases, sell process steam to industrial users.
Chief Financial Officer: Geoffrey D. Krause
Corporate Secretary: Robert P. Desbarats
Transfer Agent & Registrar: Olympia Trust Company at its office in Calgary and as go-agents and co-registrar, Olympia Transfer Services Inc. in Toronto.
Dividends: The Company has not paid any dividends to date and does not intend to pay dividends on the Common Shares in the foreseeable future. The future payment of dividends will be dependent upon the Company’s financial position, financial requirements to fund future growth and on such other factors as the board of directors considers appropriate.
Initial Public Offering: Pursuant to the terms of a prospectus dated March 7, 2008, Haywood Securities Inc., Cormark Securities Inc., Canaccord Capital Corporation and Macquarie Capital Markets Canada Ltd., as agents, have agreed to sell 12,500,000 Common Shares at a price of $4.00 per Common Share.
