(TheNewswire)
December 8, 2021 – TheNewswire- Vancouver, BC - G2 Technologies Corp. (CSE:GTOO ) , (CNSX:GTOO.CN), ( OTC:GTGEF ) , ( FWB:1NZ.F) (the “ Company ” or “ G2 ”) announces today it has been granted anextension of six months by the BC Registrar of Companies, to hold its2021 Annual General Meeting of Shareholders (the " AGM ") undersection 182(4) of the Business Corporations Act (BritishColumbia). The six month extension is fromDecember 18, 2021, to June 18, 2022.
Due to the Company’s plans for a change of businessin respect of becoming an oil and gas company , the management of the Company determined thatpostponing the AGM would be in the best interest of its shareholders. This extension will provide the Company sufficient time tocoordinate the closing of the change of business and prepare thenecessary information circular and other proxy related materials inconnection with the AGM within the required timeframe.
The Company anticipates scheduling the AGM during thefirst quarter of 2022. A notice of meeting and record date will befiled on SEDAR ( www.sedar.com ) at a laterdate.
In addition, as previously announced on November 2,2021, the Company disclosed it intends to change its name from G2Technologies Corp. to G2 Energy Corp. (the “ Name Change ”). The company anticipates it will be moving forward with the NameChange shortly. Further news releases will be disseminated in thecoming weeks in connection with the proposed Name Change.
Furthermore, as previously announced on November 2,2021, in connection with the Company delivering a notice of default toTriVista Oil Co. LLC (“ TriVista ”), TriVista has filed an actionagainst the Company in the State of Texas (the “ Action ”) statingthe Company is in breach of contract of the purchase and saleagreement previously entered into (the “ Agreement ”) andseeks the US$400,000 deposit (the “ Deposit Amount ”) tobe released from escrow. The Company has filed a counterclaim in theAction seeking release of the Deposit Amount from escrow to theCompany. In addition, the Company seeks the recovery of reasonable andnecessary attorney’s fees associated with the Action as well as allother damages available under applicable law resulting fromTriVista’s alleged breach of the Agreement and fraudulentconduct.
On Behalf of the Board,
“ SlawekSmulewicz ”
Slawek Smulewicz
Chief Executive Officer and Director
O: +1 778 7754985
W : WWW.G2.ENERGY
About G2Technologies Corp.
G2 Technologies Corp. isfocused on developing opportunities in the energy sector. G2’s headoffice 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 thatexpectations, forecasts, predictions, projections or conclusions maynot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities may not be achieved. Theserisks and uncertainties include but are not limited those identifiedand reported in the Company’s public filings under the Company’sSEDAR profile at www.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 factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwiseunless required by law.
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