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Enter Symbol
or Name
USA
CA



Tevano Systems Holdings Inc (2)
Symbol TEVO
Shares Issued 53,836,580
Close 2023-09-21 C$ 0.03
Market Cap C$ 1,615,097
Recent Sedar+ Documents

Tevano arranges $50,000 private placement

2023-09-21 18:22 ET - News Release

Subject: Tevano Systems Holdings Inc. - news release dated September 21, 2023 Word Document File: '\\swfile\EmailIn\20230921 151559 Attachment Tevano - News Release announcing Private Placement.docx' 2 | Page LEGAL_42298798.2 LEGAL_42298798.2 Tevano Announces Private Placement of Units Vancouver, BC, September 21, 2023 - Tevano Systems Holdings Inc. (CSE: TEVO, FRA: 7RB) ("Tevano", or the "Company"), announces that, it will proceed with a non-brokered private placement of up to 500,000 units of the Company (the "Units") at $0.10 per Unit for gross proceed of up to $50,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.20 for a period of 24 months from the closing of the Offering. The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the Canadian Securities Exchange ("CSE"). The Company will use the net proceeds from the Offering for debt repayment, working capital and general corporate purposes. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the US. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. About Tevano Tevano Systems Holdings Inc. is a provider of innovative solutions for the oil & gas exploration, production, and industrial effluent treatment and recycling industries. The Company is focused on developing cutting-edge technologies that address environmental challenges and promote sustainability. Tevano is committed to delivering high-quality, reliable solutions that meet the evolving needs of its clients worldwide. For more information, please visit www.tevano.com On behalf of the Board of: TEVANO SYSTEMS HOLDINGS INC Eugene Hodgson, Chief Financial Officer eugeneh@tevanosystems.com 604-805-6600 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, this news release contains forward-looking statements and matters. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, completion of the Offering, the Company's ability to raise further capital, and successfully advancing its business. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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