00:39:39 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Ecolomondo Corp
Symbol ECM
Shares Issued 217,497,358
Close 2025-05-02 C$ 0.27
Market Cap C$ 58,724,287
Recent Sedar Documents

Ecolomondo's LIFE offering fully subscribed

2025-05-02 17:50 ET - News Release

Mr. J.F. Labbe reports

ECOLOMONDO ANNOUNCES FULLY SUBSCRIBED LIFE OFFERING

Further to the press release dated April 30, 2025, Ecolomondo Corp.'s private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) of up to 6,201,550 units of the company for gross proceeds of $1.0-million has been fully subscribed.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 24 cents at any time on or before that date which is two years after the closing date of the LIFE offering, provided that, if the closing price of the common shares on the TSX Venture Exchange is equal to or greater than 35 cents for a period of 15 consecutive trading days, the company may accelerate the expiry date of the warrants by disseminating a press release within seven calendar days after the 15th trading day, and, in such case, the warrants will expire on the 30th day after the date on which such press release is disseminated.

Because the LIFE offering is being conducted pursuant to the listed issuer financing exemption, the units issued pursuant to the LIFE offering will not be subject to a hold period pursuant to applicable Canadian securities laws if sold to purchasers resident in Canada. There is an offering document related to the LIFE offering that can be accessed under the company's issuer profile on SEDAR+ and on the company's website.

The LIFE offering is scheduled to close on or about May 8, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The company intends to use the net proceeds from the offering for projected capital expenditures and for general working capital purposes to meet strategic objectives and commitments, including the acceleration of the production ramp-up of the new Hawkesbury thermal decomposition technology facility and the initial planning, preparation and legal expenses of the project in Shamrock, Tex. At the closing of the LIFE offering, the company may pay to certain finders a cash commission up to 6.0 per cent of the gross proceeds of the offering resulting from purchasers introduced by such finders.

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company that takes pride in its proprietary thermal decomposition technology. It has a 25-year history and, during this time, has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high-value reusable commodities from scrap tire waste, notably rCB, oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol ECM and in the United States on the OTCQB under the symbol ECLMF.

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