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Enter Symbol
or Name
USA
CA



Stina Resources Ltd
Symbol SQA
Shares Issued 71,029,771
Close 2018-02-27 C$ 0.285
Market Cap C$ 20,243,485
Recent Sedar Documents

ORIGINAL: Stina to acquire switchgear manufacturer Jet Power

2018-02-28 09:37 ET - News Release

Received by email:

File: SQA-NR_Feb_28_2018.docx

STINA RESOURCES LTD.
Ste 10 - 8331 River Road
Richmond, BC V6X 1Y1
1-800-882-3213
CSE: SQA  12g3-2(b): 82-2062 OTCQB: STNUF  Frankfurt: 01X
www.stinaresources.com
Shares Issued:  78,254,832


NEWS RELEASE
Stina Acquires Jet Power & Controls, Adding to Its Integrated Vanadium Flow Battery Team
February 28, 2018 - Stina Resources Ltd. ("Stina" or the "Company") (CSE: SQA) (OTCQB: STNUF) (Frankfurt: 01X) is plea
--->sed to announce that it has signed a Definitive Agreement to acquire Jet Power and Controls Ltd. ("Jet Power and Contr
--->ols") and a 100% of its common shares. Jet Power and Controls is one of Canada's leading manufacturers of electrical s
--->witchgear and motor control switches.
Highlights of the Jet Power and Controls acquisition:
Accelerates accomplishing Stina's goal of becoming a fully vertically integrated producer of vanadium redox flow batte
--->ries (VRBs) for the fast-growing energy storage industry
Provides complimentary electrical equipment for Stina's recently announced purchase of the assets of Gildemeister Ener
--->gy Storage GMBH, a leading supplier of utility scale energy storage systems world-wide 
Brings a full team of engineering, design, integration, installation and monitoring professionals with a long history 
--->of innovation and safety in the power grid infrastructure sector
Significantly increases Stina's presence in North America
Brings a well-established customer list of major resource and industrial companies.
Jet Power and Controls is a leading-edge provider of custom and off-the-shelf electrical equipment and systems. It has
---> been providing innovative and high quality products for over ten years to heavy power users, pipeline companies, refi
--->neries, manufacturers, municipalities and infrastructure providers.  It offers a "one stop shop" to its customers in t
--->erms of complete turn-key engineering & electrical solutions and equipment. Its key products include electrical switch
--->gear, motor control switchers, and solar power inverters. 
Under the terms of the Definitive Agreement, Stina will acquire all of the issued and outstanding common shares of Jet
---> Power and Controls in exchange for 6,000,000 common shares of Stina. In addition, Stina will provide $1,000,000 in op
--->erating funds to enable the company to fill immediate production orders. The agreement is subject to CSE approval.
Stina recently announced the purchase of the assets of Gildemeister Energy Storage GMBH which manufactures proprietary
---> VRBs known as CellCubes that are used for a variety of purposes including grid storage; micro-grids; off-grid storage
---> for solar and wind power; diesel power replacement; back-up power systems; and industrial plants and office building 
--->applications. With the Jet Power and Controls acquisition, Stina can provide not only its own VRBs but also all of the
---> necessary turnkey electrical components external to the batteries including DC disconnects, inverters, AC disconnects
--->, step-up transformers, and switch gear. 
Gildemeister Energy Storage GMBH has been a world leader in the development of VRBs since 2000 and has over 100 instal
--->lations worldwide. The largest number of installations are in Europe (63); but as energy storage has become increasing
--->ly important new installations have been done in Australia/New Zealand (3); South America/Caribbean (3); Africa (5); A
--->sia (5) and single installations in many other areas including Canada and the USA.
Jet Power and Controls will be able to provide not only entry into the vast North American market, but will also be ab
--->le to provide installation, monitoring and service of the CellCubes, tasks previously conducted from Austria.
"The senior officers at Stina have a proven track record of strong financial and capital market management. We at Jet 
--->Power and Controls believe that a stable platform will allow us to capitalize on the ever growing opportunities we see
---> in the power distribution market. The opportunity to work with the group at Gildemeister and get involved with, in my
---> opinion, the best energy storage technology available in the market today is a unique and exciting opportunity," stat
--->ed Devon Sanford, co-founder of Jet Power and Controls.
"We are looking forward to working closely with the Jet Power and Controls team as they will allow Stina to offer a br
--->oader range of products and services in the energy storage industry, particularly in North America," stated Stina Pres
--->ident Brian Stecyk.  "We value their engineering and design expertise and are eagerly anticipating a strong and produc
--->tive relationship."

For further information, please contact: 
Brian Stecyk, President and Director
Telephone: 1-800-882-3213 Email: info@stinaresources.com www.stinaresources.com

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation.
---> Forward-looking statements are statements that are not historical facts which address events, results, outcomes or de
--->velopments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "
--->plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "pros
--->pective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occ
--->ur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the dat
--->e the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding
---> such forward-looking statements are discussed in this news release and the Company's annual and quarterly management'
--->s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations
---> applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if managem
--->ent's beliefs, estimates or opinions, or other factors, should change. 
 Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts res
--->ponsibility for the adequacy or accuracy of this release.



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