(TheNewswire)
TORONTO, CANADA – TheNewswire - (April 27, 2022) – ONEnergyInc. (“ONEnergy” or the "Company”)(NEX:OEG.H), today announced that it has filed its financial resultsfor the year ended December 31, 2021.
Financial results
For the three-month period ended December 31, 2021,total loss and comprehensive loss were $0.4 million compared to totalloss and comprehensive loss of $0.3 million during same period in2020.
For the twelve-month period ended December 31, 2021,revenue from continuing operations was compared to $1,000 duringthe same period in 2020. Total loss and comprehensive loss for thetwelve-month period ended December 31, 2021 amounted to $1.5 millioncompared to total loss and comprehensive loss of $1.2 million duringthe same period in 2020.
For further information on the financial results of theCompany, please review the Company’s audited consolidated financialstatements and management’s discussion and analysis of financialcondition and results of operations for the years ended December 31,2021 and 2020, available under the Company’s profile on www.sedar.com .
Non-convertible debt financing
Between November 25, 2021 and April 27, 2022, StephenJ.J. Letwin, a director and Chairman of the Board of Directors,provided loans to the Company aggregating to $280,000. These loansare not convertible into securities of the Company, are unsecured,bear an annual interest rate at 10%, and are due on demand.
About ONEnergy Inc.
ONEnergy common shares are listed on the NEX board ofthe TSX Venture Exchange under the symbol “OEG.H”. Materialinformation about ONEnergy can be found on SEDAR under the Company’sissuer profile at www.sedar.com . ONEnergy'scorporate website may be found at www.onenergyinc.com .
For additional information pleasecontact:
Ray de Ocampo, Chief Financial Officer,irinfo@onenergyinc.com, +1 (647) 253-2534
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
This news release contains certain"forward-looking information" and "forward-lookingstatements" (collectively "forward-looking statements")within the meaning of applicable securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating the future operating orfinancial performance of the Company, are forward-looking statements. Although the Company believes that the expectations reflected inthese forward-looking statements are reasonable, undue reliance shouldnot be placed on them as actual results may differ materially from theforward-looking statements and there can be no assurance that suchexpectations will prove to be correct. The forward-looking statementscontained in this news release are made as of the date hereof, and theCompany undertakes no obligation to update publicly or revise anyforward looking statements or information, whether as a result of newinformation, future events or otherwise, except a required byapplicable securities laws. The forward-looking statements containedin this news release are expressly qualified by this cautionarystatement.
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