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CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) — Hammerhead Power Inc. (“Hammerhead” or the “Firm”) (TSX: HHRS; NASDAQ: HHRS) is happy to announce that it has filed the administration info round (“Data Round”) and associated assembly supplies (along with the Data Round, the “Assembly Supplies”) for the particular assembly of holders (“Shareholders”) of Class A typical shares of Hammerhead (“Hammerhead Shares”) to be held at 2400, 525 – eighth Avenue S.W., Calgary, Alberta, T2P 1G1 on December 20, 2023 at 8:30 a.m. (Calgary time) (the “Assembly”).
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On the Assembly, Shareholders might be requested to think about, and, if thought advisable, approve a Plan of Association (the “Association”) pursuant to which, amongst different issues, all the Hammerhead Shares might be acquired by Crescent Level Power Corp. (“Crescent Level”) for consideration consisting of C$15.50 in money and 0.5340 of a standard share of Crescent Level, for every Hammerhead Share.
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The Assembly Supplies might be mailed to Shareholders shortly. Copies of the Assembly Supplies can be found on Hammerhead’s profile on SEDAR+ at www.sedarplus.com, on Hammerhead’s profile on the Digital Information Gathering, Evaluation and Retrieval system (EDGAR) at www.sec.gov and on Hammerhead’s web site at www.hhres.com. Shareholders are urged to fastidiously assessment and think about the Assembly Supplies, which comprise essential info in regards to the Association and the rights and entitlements of the Shareholders in relation thereto and to seek the advice of with their monetary, tax, authorized or different skilled advisors.
About Hammerhead Power Inc.
Hammerhead is a Calgary, Canada-based power firm, with belongings and operations in Alberta concentrating on the Montney formation. Hammerhead Sources Inc., the predecessor entity to Hammerhead Sources ULC, an entirely owned subsidiary of Hammerhead, was fashioned in 2009.
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Contacts:
For additional info, please contact:
Scott Sobie
President & CEO
Hammerhead Power Inc.
403-930-0560
Mike Kohut
Senior Vice President & CFO
Hammerhead Power Inc.
403-930-0560
Kurt Molnar
Vice President Capital Markets & Company Planning
Hammerhead Power Inc.
403-930-0560
Reader Advisory
Foreign money
All quantities on this press launch are acknowledged in Canadian {dollars} (C$) until in any other case specified.
Ahead Wanting Statements
Sure info contained herein might represent forward-looking statements and knowledge (collectively, “forward-looking statements”) inside the that means of relevant securities laws, together with Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, that contain recognized and unknown dangers, assumptions, uncertainties and different elements. Undue reliance shouldn’t be positioned on any forward-looking statements. Ahead-looking statements could also be recognized by phrases like “anticipates”, “estimates”, “expects”, “signifies”, “forecast”, “intends”, “might”, “believes”, “may”, “ought to”, “would”, “plans”, “proposed”, “potential”, “will”, “goal”, “approximate”, “proceed”, “would possibly”, “doable”, “predicts”, “tasks” and related expressions, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking. Ahead-looking statements on this press launch embody however should not restricted to, the mailing of Assembly Supplies to Shareholders and different issues associated to the foregoing. Such forward-looking statements mirror the present views of the Firm with respect to future occasions and are topic to sure dangers, uncertainties and assumptions that might trigger outcomes to vary materially from these expressed within the forward-looking statements. These dangers and uncertainties embody however should not restricted to: the incidence of any occasion, change or different circumstances that might give rise to the termination of the definitive agreements regarding the Association; the shortcoming to finish the Association as a result of failure to acquire approval of Shareholders, the Courtroom, regulatory our bodies or inventory exchanges, as required; failure to finish the mailing of the Assembly Supplies to Shareholders on the timeline anticipated; that the date of the Assembly might be adjourned or postponed; and different issues. Readers are cautioned that the foregoing record just isn’t exhaustive of all doable dangers and uncertainties. With respect to forward-looking statements contained on this press launch, the Firm has made assumptions relating to, amongst different issues: the satisfaction of the situations to completion of the Association, together with the well timed receipt of required Shareholder, courtroom, regulatory and inventory change approvals, as required; capacity to finish the Association and on the timing anticipated; capacity to mail to the Assembly Supplies to Shareholders on the timing anticipated; that the Assembly might be held on the timing anticipated; and different issues. Though the Firm believes that the expectations mirrored within the forward-looking statements contained on this press launch, and the assumptions on which such forward-looking statements are made, are affordable, there might be no assurance that such expectations will show to be appropriate. Readers are cautioned that the foregoing record just isn’t an exhaustive record of all assumptions which have been thought of. Administration has included the above abstract of assumptions and dangers associated to forward-looking info supplied on this doc with a view to present shareholders with a extra full perspective on the Firm’s present and future operations and such info might not be applicable for different functions. The Firm’s precise outcomes, efficiency or achievement may differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance might be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them do, what advantages the Firm will derive. The forward-looking statements contained on this press launch converse solely as of the date of this press launch. Accordingly, forward-looking statements shouldn’t be relied upon as representing Hammerhead’s views as of any subsequent date, and besides as expressly required by relevant securities legal guidelines, Hammerhead doesn’t undertake any obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
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