UGE Announces Warrant Exercise

Q2 2020 Financial Results and Webinar Set for Tuesday, August 25, 2020

Toronto, Ontario--(Newsfile Corp. - August 18, 2020) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar energy solutions, today announced that 100% of the warrants from its February private placement have been exercised ahead of their accelerated August 17, 2020 expiration date.

A total of 1,500,000 warrants were exercised to acquire common shares of the Company at a price of C$0.33 per warrant. As of the date of this press release, the number of remaining warrants exercisable at C$0.33 is zero.

"UGE is grateful to investors for demonstrating their continued support of the Company," said CEO Nick Blitterswyk. "We continue to realize the benefit of our pivot to self-developed and self-financed projects, through our growing backlog and strong margins. We look forward to updating investors on our conference call to discuss our Q2 results."

Q2 2020 Results and Webinar

The Company will release financial results for its 2020 second quarter before the market opens on Tuesday, August 25, 2020. CEO Nick Blitterswyk and CFO Paul Kania will host a webinar at 2:00 P.M. Eastern Time (EDT) / 11:00 A.M. Pacific Time (PDT) on the same day. All interested parties are invited to participate in this webinar and should register at the link below.

Conference Call Details

Date:Tuesday, August 25, 2020
Time:2:00 PM EDT / 11:00 AM PDT
Register:https://meeting.zoho.com/meeting/register?sessionId=1035970487

 

Management will be available to answer questions following the presentation. To ask a question, please log into the Webinar platform or email your question(s) beforehand to investors@ugei.com. The Webinar will be recorded and posted to UGE's website following the presentation.

About UGE

UGE delivers immediate savings to businesses through the low cost of solar energy. We help commercial and industrial clients become more competitive by providing low cost distributed renewable energy solutions at no upfront cost and maximum long-term benefit. With over 400MW of global experience, we work daily to power a more sustainable world. Visit us at www.ugei.com.

Contact:
investors@ugei.com
917-720-5685

Source: UGE International

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61995

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