TORONTO, March 22, 2018 (GLOBE NEWSWIRE) --
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
EEStor Corporation (“EEStor” or the "Company") (TSX VENTURE:ESU) announced today that it will also be webcasting the Company’s 2018 annual general meeting to be held on Tuesday, March 27, 2018 at 11:00 AM, EST, at Twenty Toronto Street Conferences and Events, 20 Toronto Street, Suite 200, Toronto, ON, M5C 2B8. Those interested in accessing the webcast can do so using the following link, which link can also be found on the Company’s website. http://hosting.desire2learncapture.com/oba/28/live/2190.aspx
EEStor also announced that the TSX Venture Exchange has granted an extension of up to 30 days for completion of the balance of the Company’s non-brokered private placement of up to C$2.0 million of units originally announced on February 9, 2018. Each unit is priced at C$0.30 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of C$0.45 for a period of 24 months from the closing date. On March 16, 2018 the Company announced the closing of a first tranche of the private placement raising gross proceeds of C$1,216,500 from the sale of 4,055,000 units.
About EEStor Corporation
EEStor Corporation's mission is to be the provider of leading edge electrical energy storage and related technologies. EEStor operates on the principle and belief that a fundamental breakthrough in energy storage will be the catalyst for positive environmental and economic change globally. EEStor’s current business strategy is focused on licensing opportunities across a broad spectrum of industries and applications building on its recent technology achievements related to solid-state, high energy density capacitors.
The Company’s success depends on the commercialization of its technology. There is no assurance that EEStor will be successful in the completion of the various enhancement phases underway to warrant the anticipated licensing opportunities in the technology. Readers are directed to the "Risk Factors" disclosed in the Company’s public filings.
For additional information please contact:
Chief Executive Officer
Tel. 416-535-8395 ext. 3
Senior Vice President
Neither 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.