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Vancouver, British Columbia – TheNewswire - November 19, 2024 - PureWave Hydrogen Corp. (TSXV: PWH) (formerly, Longhorn Exploration Corp.) (TSXV:LEX) (the “Company”), is pleased to announce that, effective at the open on Thursday, November 21, 2024, the Company’s common shares will commence trading on the TSX Venture Exchange (“TSXV”) under its new name “PureWave Hydrogen Corp.” and new ticker symbol “PWH”.
There is no change in the capitalization of the Company in connection with the change of name and new trading symbol. No action is required by existing shareholders of the Company with respect to the name change and new trading symbol. Outstanding physical certificates or direct registration system (DRS) statements representing common shares of the Company do not need to be exchanged.
The new ISIN for the Company’s common shares is CA7462441022 and the CUSIP is 746244102.
In addition, the Company has entered into a consulting agreement with Plutus Invest and Consulting GmbH (“Plutus”), pursuant to which Plutus will provide the Company with marketing and communications services for a 12-month term. The marketing services provided by Plutus will be in consulting with the Company's management in building investor awareness of the Company through Plutus's network in Europe. The Company has agreed to pay Plutus a consulting fee of €100,000, payable upon the commencement of services. The consulting agreement with Plutus was negotiated through arm’s length negotiations.
About Us
PureWave Hydrogen Corp. is a pioneering energy exploration company dedicated to advancing the discovery and development of naturally occurring ‘white’ hydrogen gas deposits. As a leader in the green energy transition, we are committed to unlocking the potential of this untapped, sustainable resource to revolutionize the global hydrogen economy.
With a strategic focus on cutting-edge geological exploration, we have established operations in key resource-rich areas such as the Mid-Continent Rift in Kansas, leveraging advanced technologies and collaborative partnerships to identify and develop high-potential hydrogen reservoirs. Our work is underpinned by a rigorous scientific approach, exemplified by initiatives like water geochemistry studies and aeromagnetic data analysis to guide our exploration strategies.
At PureWave Hydrogen, we aim to create value not only for our investors but also for the environment. By harnessing naturally occurring hydrogen, we are contributing to a cleaner, greener future while addressing the growing global demand for renewable energy solutions.
On behalf of the Board of Directors or PureWave Hydrogen Corp.
“Bruce Nurse”
Bruce Nurse, Director
Contact Information
For more information, please contact:
Bruce Nurse
Tel: 303-919-2913
E-mail: bruce.nurse@purewavehydrogen.com
Cautionary Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, the anticipated date that the common shares will trade under the Company’s new name and trading symbol and statements we make regarding information about future plans, expectations and objectives of the Company overall.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the Company’s discovery and development of white (natural) hydrogen resources across North America, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, developments and changes in laws and regulations, consumer sentiment towards the Company’s products, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology and social changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Market Regulator (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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