Innovente Evaluates its Options
14 6월 2014 - 7:48AM
Marketwired
Innovente Evaluates its Options
QUEBEC CITY, QUEBEC--(Marketwired - Jun 13, 2014) - Innovente
Inc. (TSX-VENTURE:IGE) ("Innovente" or the "Corporation") announces
today that it must restructure its debt and implement solutions to
recover an adequate level of liquidity. Innovente is evaluating all
the options that will allow the Corporation to regain a viable
financial position and obtain additional financing in order to
continue its operations. Among these options, the Corporation is
considering a financial and corporate restructuring, the sale of
assets, seeking financial and strategic partners or any other form
of transaction.
Certain technical and operational issues at the
Saint-Patrice-de-Beaurivage plant have resulted in the progression
trend observed earlier this year not being maintained, which has
compounded the liquidity problems of the Corporation.
About Innovente
Based in Quebec City, Innovente produces renewable energy by
providing communities with a green and sustainable solution for the
management of residual organic matter with its patented technology.
Innovente stock is listed on the TSX Venture Exchange under the
ticker symbol IGE (TSX-VENTURE:IGE). www.innovente.ca
Disclaimer regarding forward-looking statements
Certain statements included herein may constitute
"forward-looking statements" within the meaning of applicable
securities laws. Forward-looking statements are necessarily based
on a number of estimates and assumptions that, while considered
reasonable by management when they are made, are inherently subject
to significant business, economic, and competitive uncertainties
and contingencies. Investors are cautioned not to place undue
reliance on forward-looking statements. The Corporation disclaims
any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events
or other development unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as these terms are defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Source: InnoventeRichard PainchaudPresident and Chief Executive
Officer, Innovente418 692-1011rpainchaud@innovente.ca
(TSXV:IGE)
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