CO2 Solutions closes private placement of units for gross proceeds of $3.8 million

On June 5, 2015, CO2 Solutions Inc. announced the closing of its previously announced offering by way of a private placement, having issued 15,218,400 units, at a price of $0.25 per unit, representing aggregate gross proceeds of $3,804,600.

Euro Pacific Canada Inc., lead agent and bookrunner, and Industrial Alliance Securities Inc. acted as agents for the offering.

CO2 Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution.

Euro Pacific Canada is a full service IIROC registered brokerage firm headquartered in Toronto, with offices in Montréal, Vancouver and Tokyo, Japan.

Gowlings advised the agents with respect to this private placement with a team led by Vanessa Grant, and that included Anita Nador, Steven Cutler and David Morrison.