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Creation Capital Announces Agreement to Acquire Greenlane Biogas
Creation Capital Announces Agreement to Acquire Greenlane Biogas Canada NewsWire ...
About this update from Greenlane Renewables Inc.
[{"type":"text","content":"\n\n\n\nCreation Capital Announces Agreement to Acquire Greenlane Biogas\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 10, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\nTSX-V: CRN.P\n VANCOUVER, Dec. 10, 2018 /CNW/ - Creation Capital Corp. (TSX-V: CRN.P) (\"Creation Capital\" or the \"Company\"), a capital pool company listed on the TSX Venture Exchange (the \"Exchange\"), is pleased to announce that it has entered into a binding letter agreement dated December 9, 2018 (the \"Letter Agreement\") with Pressure Technologies plc (LSE: PRES) (\"Pressure Technologies\"), a United Kingdom company listed on the AIM market of the London Stock Exchange, to acquire its Alternative Energy Division (the \"Acquisition\").  The Acquisition will constitute the Company's Qualifying Transaction as defined in Policy 2.4 – Capital Pool Companies of the Exchange.\nAbout Greenlane\nThe holding company of Pressure Technologies' Alternative Energy Division is PT Biogas Holdings Limited, a United Kingdom company, and the main operating entity is Greenlane Biogas North America Ltd., a Canadian company (\"Greenlane\"). Greenlane, headquartered in Vancouver, British Columbia, is a world leader in technology used to upgrade biogas generated from landfills, waste water treatment plants, and agricultural and food waste into a clean and marketable renewable natural gas product. Greenlane has been in operation for over 30 years and has supplied over 100 biogas upgrading units in over 18 countries worldwide, including the first upgrading systems in 11 countries and the world's first and second largest biogas upgrading facilities in Germany and Canada. Greenlane designs and supplies the equipment used to upgrade biogas produced by the anaerobic digestion of organic waste to a high-quality methane product suitable for either injection into the natural gas grid or ...