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HTC Purenergy (TSXV:HTC) says it has acquired Carbon Rx Inc., a private company which develops technology to advance carbon credit trading around the world.
Under terms of the transaction, announced Monday, HTC will acquire all Carbon Rx in exchange for 346,000 HTC common shares, at a deemed price of $2.50 per common share.
Through the acquisition of Carbon Rx, HTC will have the exclusive right to use and license the Carbon Rx software and technology used to manage carbon trading, including royalty agreement, equity participation and licensing agreements.
“The addition of Carbon Rx’s technology will help maintain HTC’s leadership position in cost effective CO2 management and will continue to accelerate HTC’s commercialization strategy to be the recognized global leader in pre/post-combustion CO2 capture, processing and validation,” said Lionel Kambeitz, Chairman and CEO of HTD Purenergy.
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