Navigation Links
Biorem Reports Sale of Securities by Major Shareholders
Date:6/27/2016

GUELPH, ON, June 27, 2016 /PRNewswire/ - BIOREM Inc. (TSX-V: BRM) ("Biorem" or "the Company") announces that it has been advised by its major shareholders, Clean Technology Fund I, LP and Clean Technology Fund II, LP, United States based venture capital funds which together hold approximately 59% of the common shares of Biorem (on a fully diluted, as converted basis), that they have entered into an agreement for the disposition of their entire equity holdings in Biorem to TUS Holdings Co. Ltd. ("TUS") (en.tusholdings.com) at a purchase price equivalent to $0.345 per common share. Biorem understands that the sale is subject to certain closing conditions including (i) any approvals required from the TSX Venture Exchange ("TSXV"), (ii) the resignation of Bernardo Llovera from the board of directors of Biorem, (iii) the expansion of the board of directors to five members and (iv) the appointment of two directors nominated by TUS to the board of directors. Biorem is not a party to the transaction and has made an application to TSXV for confirmation that the only approval required from the TSXV in respect of the transaction is the approval of TUS as a new insider of Biorem. 

About BIOREM Inc.

BIOREM is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and more than 1000 installed systems worldwide, BIOREM offers state-of-the-art technology-based products and peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.


'/>"/>
SOURCE Biorem Inc.
Copyright©2016 PR Newswire.
All rights reserved


Related biology technology :

1. DryLet Technologies Announces Website Launch and New Logo Design for Patented MB Bioremediation
2. DryLet to Attend UpTech Upstream Oil and Gas Summit on October 6-8, 2013 in Alberta to Showcase MB Bioremediation
3. Biorem Reports 2014 Second Quarter Results
4. BIOREM announces $2.1 million of new orders
5. BIOREM announces $1.4 million of new orders
6. BIOREM announces additional orders for $1.7 million
7. Biorem Reports Third Quarter Results
8. Synthetic Biology Market by Tool, Technology (Bioinformatics, Nanotechnology, Gene Synthesis, Cloning & Sequencing), Application (Biofuels, Pharmaceuticals, Biomaterials, Bioremediation) - Global Forecast to 2018
9. BIOREM announces orders for $3.7 million.
10. Biorem Engineering and Syngulon Sign a Strategic Partnership: The Alliance of Green Chemistry and White Biotechnology
11. Biorem Reports Results for Fourth Quarter 2014 and Year Ended December 31, 2014
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/18/2017)... ... May 16, 2017 , ... Clinical Supplies Management (“CSM”), a ... the company continues to grow. CSM has doubled in size over the past ... an aggressive growth strategy. , Roger Gasper joins CSM as Chief Financial Officer. ...
(Date:5/18/2017)... (PRWEB) , ... May 17, ... ... CRO standards with psychonneuroendocrine stress expertise, and further enhances its scientific power ... researcher, Douglas A. Granger, Ph.D., has agreed to join the scientific advisory ...
(Date:5/18/2017)... ... May 17, 2017 , ... USDM Life Sciences , ... life sciences and healthcare industries, is honored that Jay Crowley was ... in Brussels, Belgium. , Crowley played a crucial role in the development of ...
(Date:5/18/2017)... ... May 17, 2017 , ... ... that their Chief Executive Officer, Maik Jornitz, was recognized as a Top 10 ... List celebrates 100 individuals “involved in bettering the pharma industry and bringing life-changing ...
Breaking Biology Technology:
(Date:5/16/2017)... , May 16, 2017   Bridge ... health organizations, and MD EMR Systems , ... development partner for GE, have established a partnership ... Portal product and the GE Centricity™ products, including ... EMR. These new integrations will ...
(Date:4/18/2017)... Calif. , April 18, 2017  Socionext Inc., a global ... of a media edge server, the M820, which features the company,s ... recognition software provided by Tera Probe, Inc., will be showcased during ... at the NAB show at the Las Vegas ... ...
(Date:4/11/2017)... GARDENS, Fla. , April 11, 2017 /PRNewswire/ ... management and secure authentication solutions, today announced that ... by Intelligence Advanced Research Projects Activity (IARPA) to ... IARPA,s Thor program. "Innovation has been ... and IARPA,s Thor program will allow us to ...
Breaking Biology News(10 mins):