Alpine Summit Energy Partners Announces Closing of Fourth Development Partnership Put Right

Jul 27th, 2022 12:00 EST

Nashville, Tennessee and Vancouver, British Columbia--(Newsfile Corp. - July 27, 2022) - Alpine Summit Energy Partners, Inc. (TSXV: ALPS.U) (OTCQX: ASEPF) ("Alpine Summit" or the "Company") is pleased to announce that it has completed the previously announced exercise by nine partners of the put right provided by the Company's fourth development partnership has been completed. Following receipt of approval from the TSX Venture Exchange, 706,975 Class B non-voting units of HB2 Origination, LLC (which are exchangeable on a one-for-one basis for Subordinate Voting Shares of the Company) were issued to these partners on July 26, 2022, at a deemed value of US$5.85 per unit.

About Alpine Summit Energy Partners, Inc.

Alpine Summit is a U.S. based company that operates and develops oil and gas assets. For additional information on the Company, please visit www.alpinesummitenergy.com.

Further Information

For further information, please contact:

Chris Nilan, Senior Managing DirectorPhone: 615.475.8320Email: [email protected]

Darren Moulds, Chief Financial OfficerPhone: 403.390.9260Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131986

Related Links

SHARE

You must be logged in to post a comment.

Recent Publications

You must be logged in to post a comment.

Email newsletter

Receive the latest stock news and signals