(CPS) is a leading producer of premium sand, serving a diverse range of industries, including construction, mining, and manufacturing. The company’s commitment to quality, sustainability, and innovation has positioned it as a trusted partner for its clients. CPS operates a network of strategically located mines and processing facilities across Canada. This network allows the company to efficiently source and deliver high-quality sand to its customers, ensuring timely and reliable service.
In the event that the 30-day volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV”) is at or greater than $0.90 per Common Share, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case, the Warrants will expire on the 30th day after the date on which such notice is given by the Company. The Company believes that the extension is justified to ensure that the holders of the Warrants have additional time to exercise their Warrants as CPS continues to remain engaged with the Province of Manitoba and the Government of Canada to progress potential financial incentive packages, as previously announced by the Company on May 23, 2024, for its integrated patterned solar glass manufacturing facility in Selkirk, Manitoba.
The extension of the Warrants is subject to approval by the TSXV. The Company intends to issue an updated news release upon receipt of the approval of the Warrant extension. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and accordingly may not be offered or sold within the United States or to “U.S. persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act (“U.S. Persons”), except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities to, or for the account of benefit of, persons in the United States or U.S. Persons.
* The company has a large number of warrants outstanding. * These warrants are held by “related parties” of the company. * The number of warrants held by related parties is significant. **Detailed Text:**
The company’s financial landscape is characterized by a substantial number of outstanding warrants.
The Company is developing manufacturing capacity for ultra high-clarity patterned solar glass through a Company-owned facility to be located in Selkirk, Manitoba that utilizes the high-purity, low-iron silica sand from its wholly owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is a reporting issuer in Ontario, Alberta and British Columbia. Its shares trade on the TSXV under the symbol “CPS”. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION: Canadian Premium Sand Inc. Glenn Leroux Cam Deller President and Chief Executive Officer Chief Financial Officer glenn.leroux@cpsmail.com cam.deller@cpsmail.com
This press release from CPS Glass provides contact information for investor relations and a website address. It also includes a statement about forward-looking information. **Detailed Text:**
CPS Glass, a company specializing in glass products, has made its investor relations information readily available to the public.
