HTC Hydrogen Technologies Corp. (“HTC” or “the Corporation”) announces the appointment of Turquoise International Limited as European Corporate Finance Advisor
Turquoise International is a specialist corporate finance advisory firm based in London, UK, actively engaged in Europe and the Middle East in due diligence, valuations, feasibility analysis, transaction management, asset management, debt and equity fundraising. Their primary sector experience is in the fields of energy technology, hydrocarbons and power.
Under the terms of the Engagement, Turquoise International will conduct due diligence and analysis of the specific funding requirements of the Corporation, act as a liaison for Canadian and UK legal/regulatory and accounting/tax advisors, assist the Corporation in the preparation of private placement fundraising related documents, prepare a selected list of strategic industry investors, venture capitalists, investment funds and sophisticated investors.
Turquoise International’s services will commence immediately. The Corporation may terminate the Engagement with one calendar months notice. The Corporation’s working capital will be used to pay to Turquoise International a retainer of £10,000 per month to a maximum of 4 months, where after HTC will pay £5,000 per month, if continued corporate finance advisory services are required.
Turquoise International had no interest, directly or indirectly, in the Corporation or its securities, or any right or intent to acquire such an interest.
HTC Purenergy provides Carbon Management solutions to industry worldwide, from its head office in Regina, Saskatchewan. HTC is a public company, listed on the Toronto Stock Exchange Venture Exchange, trading as “HTC”. The latest corporate news is available on our website at www.htcenergy.com.
The TSX Venture Exchange Inc. does not take any responsibility for the adequacy or accuracy of the information contained in this news release.
For more information contact:
Jeff Allison,
HTC Purenergy
Telephone: (306) 352-6132
Fax: (306) 545-3262
E-mail: jallison@htcenergy.com
HTC Purenergy corporate developments can be followed on http://www.htcenergy.com/ and is traded under the symbol HTC