SLE Synergy to Commence Trading on the Canadian Securities Exchange
VANCOUVER, BC, June 8, 2020 /CNW/ - SLE Synergy Ltd. ("SLE" or the "Company"), announces that it has received final approval from the Canadian Securities Exchange (the "CSE") and the Company's common shares (the "Common Shares") will commence trading on the CSE on June 8, 2020 under the symbol "SLE".
For further information concerning the Company and its business, please see the long-form prospectus dated May 11, 2020 (the "Prospectus") supporting the Company's application for listing on the CSE. A copy of the Prospectus is available under the Company's profile at www.sedar.com
Vincent Lim, Chief Executive Officer of SLE commented on the achievement of the Company's listing, "we are exceptionally delighted to be the first EPCM, organic waste management company from little red dot Singapore, to be listed on the CSE. It is a tremendous milestone for the Company and I would like to thank the listing team and our partners for their contribution. We are committed to developing and expanding our business to other regions around the world, including Canada, to create a positive environmental benefit and deliver long-term value to our shareholders."
Early Warning Disclosure
In connection with the acquisition of Springleaf Engineering Pte. Ltd. ("Springleaf") by the Company (the "Transaction"), Vincent Lim acquired 24,942,709 Common Shares and Ben Lim acquired 7,026,116 Common Shares, representing 51.37% and 14.47%, respectively, of the issued and outstanding Common Shares on a fully diluted basis, thereby requiring disclosure pursuant to the early warning requirements of applicable securities laws. The 24,942,709 Common Shares owned by Vincent Lim and the 7,026,116 Common Shares owned by Ben Lim, are subject to certain escrow restrictions as set out in the Prospectus.
Both Vincent Lim and Ben Lim indirectly acquired the Common Shares in connection with the Transaction for investment purposes. They do not have any current intentions to increase or decrease beneficial ownership or control or direction over any additional securities of the Company. Subject to applicable escrow restrictions described in the Prospectus; they may, from time to time and depending on market and other conditions, acquire additional Common Shares through market transactions, private agreements, treasury issuances, dividend reinvestment programs, exercise of options, convertible securities or otherwise, may sell all or some portion of the Common Shares he owns or otherwise trade in or with respect to securities of the Company.
To obtain a copy of the early warning report filed by the Company, please contact Lai Jun Wah at +65 (6264 9250) or refer to SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
"Vincent Lim"
Vincent Lim
Chairman and Chief Executive Officer
About SLE Synergy
SLE's operations are based out of Singapore, with its primary business being to provide one-stop turnkey engineering, procurement, and construction management solutions that range from consultancy and design, to the construction of projects involving high technology production facilities, primarily in Singapore and China. SLE is developing its solid waste digestion enzyme system, solid waste conversion organic fertilizer, and soil recovery microbe business in China. SLE set foot in Shanghai in 2019, and will look to expand to other neighboring regions in the near future.
Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as "may", "will", "expect", "believe", "intends", "likely", or other words of similar effect may indicate a "forward looking" statement. Forward-looking statements in this press release including those statements relating to the commencement of the listing of the common shares on the CSE, the development of Company's business in new regions, the creation of environmental benefits, and the delivery of long-term shareholder value. Forward-looking statements are subject to a variety of risks, uncertainties, and other factors that can cause plans, projections, or estimates in such forward-looking statement to vary materially actual results. Factors that cause the forward-looking statements in this news release to change or to be inaccurate include, but are not limited to, receiving the necessary regulatory approvals in connection with listing, the market for the Company's services may be subject to volatility, there may be less than anticipated demand for the Company's services, risks associate with operating in Southeast Asia, and risks associated with the instability of global markets that may be caused by pandemics or other disruptive events.
These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in the Company's publicly filed documents (available on SEDAR at www.sedar.com). Given these risks and uncertainties, investors should not place undue reliance on forward looking statements as a prediction of actual results. All forward looking statements in this press release are qualified by these cautionary statements. These statements are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.
SOURCE SLE Synergy Ltd.
