Mr. Jean-Francois Labbe
reports
ECOLOMONDO ANNOUNCES ISSUANCE OF MONITOR'S CERTIFICATE
CONFIRMING EXECUTION AND DELIVERY OF ASSET PURCHASE AGREEMENT
The monitor certificate confirming the
execution and delivery of the asset purchase agreement entered into by and between KPMG Inc., in its capacity as monitor, for and
on behalf of Ecolomondo Corp. and its subsidiaries, Ecolomondo Environmental (Hawkesbury)
Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Quebec Inc. and
Ecolomondo Advanced Carbon Technologies Inc. (collectively, the vendors), and Tire
Reviver Inc. (the purchaser), has been issued. The Superior Court of Quebec (Commercial Division)
approved the purchase agreement and the transactions contemplated therein
through the issuance of its vesting order on Oct. 22, 2026, within the
scope of the vendors' proceedings under the Companies' Creditors Arrangement Act
(CCAA).
Accordingly, the monitor has issued its certificate, confirming:
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The purchase agreement has been executed and delivered;
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The consideration (as defined in the purchase agreement) has been satisfied by the
purchaser upon closing, in accordance with the terms and subject to the conditions of the
purchase agreement;
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All conditions to the closing of the transaction have been satisfied and/or waived by the
parties thereto.
Additional information in respect of the CCAA proceedings can be found on the monitor's
website. Readers are encouraged to consult the full text of the documents for further details.
Further news releases will be provided during the CCAA proceedings as required by law and
applicable securities regulations or as determined necessary by the company or the court.
About Ecolomondo Corp.
Ecolomondo, headquartered in Quebec, is a Canadian clean-technology company
focused on its proprietary thermal decomposition process (TDP) technology, which
recovers high-value commodities from scrap tire waste, including recovered carbon black
(rCB), tire-derived oil (TDO), syngas, fibre and steel.
We seek Safe Harbor.
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