(TheNewswire)
Vancouver, BC – TheNewswire - February 3, 2022 - G2 TechnologiesCorp. (CSE:GTOO )(CNSX:GTOO.CN) ( OTCQB:GTGEF ) ( FWB:1NZ.F) (the “ Company ” or“ G2 ”) announces today, that further to its news released datedDecember 21, 2021, it has closed the second and final tranche of a non-brokered private placement financing issuingan aggregate total of 1,750,000 Units (each, a “ Unit ”) at a priceof $0.10 per Unit for total gross proceeds of $175,000.00 (the“ PrivatePlacement ”).
Each Unit consisted of one (1) common share in thecapital of the Company (the “ Common Shares ”) and one (1) transferrable common share purchase warrant(each, a “ Warrant ”).
Each Warrant entitles the holder thereof to purchaseone share (each, a “ WarrantShare ”) at a price of $0.15 per Warrant Shareuntil 5.00p.m. (Vancouver time) on or before February 3, 2024, subjectto certain acceleration provisions.
Proceeds from the Private Placement are intended to be used in connection with the potential newacquisitions, as well as for general working capital .
The securities issued pursuant to the Private Placementare subject to a statutory holder period of four (4) months plus one(1) day that expires on June 4, 2022.
On Behalf of the Board,
“ SlawekSmulewicz ”
Slawek Smulewicz
Chief Executive Officer and Director
O: +1 778 7754985
E: slawek@g2technologies.biz
W : WWW.G2.ENERGY
About G2Technologies Corp.
G2 Technologies Corp. is focused on developing opportunities in the energy sector.G2’s head office is located in Vancouver, Canada.
The Canadian Securities Exchange hasneither approved nor disapproved the information contained herein.
Forward-LookingStatements Caution . Statements in this press releaseregarding the Company which are not historical facts are“forward-looking statements” that involve risks and uncertainties,such as the completion of the proposed acquisition. Such informationcan generally be identified by the use of forwarding-looking wordingsuch as “may”, “expect”, “estimate”, “anticipate”,“intend”, “believe” and “continue” or the negative thereofor similar variations. Since forward-looking statements address futureevents and conditions, by their very nature, they involve inherentrisks and uncertainties such as the risk that the closing of theacquisition may not occur for any reason. The Company provides forward-lookingstatements for the purpose of conveying information about currentexpectations and plans relating to the future and readers arecautioned that such statements may not be appropriate for otherpurposes. By its nature, this information is subject to inherent risksand uncertainties that may be general or specific and which give riseto the possibility that expectations, forecasts, predictions,projections or conclusions may not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities may not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in theCompany’s public filings under the Company’s SEDAR profile atwww.sedar.com. Forward-looking statements in this news release include thestatements that list out the terms of the proposed acquisition. Actual results could differmaterially from those currently anticipated due to factors such as:(i) the decision to not close the acquisition for any reason,including adverse due diligence results or CSE refusal of theacquisition; or (ii) adverse market conditions. Although the Company has attempted toidentify important factorsthat could cause actual actions, events or results to differmaterially from those described in forward-looking information, theremay be other factors that cause actions, events or results not to beas anticipated, estimated or intended. There can be no assurance thatsuch information will prove to be accurate as actual results andfuture events could differ materially from those anticipated in suchstatements. The Company disclaims any intention or obligation toupdate or revise any forward-looking information, whether as a resultof new information, future events or otherwise unless required bylaw.
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