VANCOUVER, BC, March 21, 2022 /CNW/ - Westbridge Energy Corp.
("Westbridge" or the
"Company") (TSXV: WEB) (FRA: PUQ3) (OTCQB:
WEGYF) is pleased to announce that it has received
confirmation from the Depository Trust Company (the "DTC")
that its common shares are now eligible for electronic clearing and
settlement through the DTC in the United
States.
Scott M. Kelly, Executive
Chairman of Westbridge, said: "We
are pleased to have obtained our DTC eligibility, which streamlines
the process of trading shares in the
United States, benefitting Westbridge and our shareholders. With DTC
eligibility, the increased accessibility and visibility is expected
to attract greater investment and trading liquidity from American
investors as our shares will be available to a broader range of
investors."
DTC is a subsidiary of the Depository Trust & Clearing
Company, a U.S. company that manages the electronic clearing and
settlement of securities for publicly traded companies in
the United States. With DTC
eligibility, existing investors and brokers benefit from
potentially greater liquidity, execution speeds, and reduction in
costs, while opening the door to new investors that may have been
previously restricted from the Company's common shares.
Westbridge's common shares
will continue to trade on the TSX Venture Exchange under the symbol
"WEB" and on the Frankfurt Stock Exchange under the symbol
"PUQ3".
About Westbridge Energy Corp.
Westbridge Energy Corp. develops best-in-class solar PV
projects. The Company plans to deliver attractive, long-term
returns by identifying, originating, executing, and developing an
international portfolio of renewable assets for investors and
utilities. Westbridge management team has a strong
track-record. The management team of the Company has
previously developed 40+ projects worldwide, obtaining and
executing permits for projects on time and within budget. As
one of the very few listed pure-play Canadian solar development
companies, Westbridgeprovides its investors with valuable
access to greenfield solar projects. This means the Company
can invest at the earliest stage of solar energy development,
benefiting from the full value chain as well as the expected wider
adoption of renewable energy going forward. Westbridge brings
together regulators, corporate buyers and landowners with the goal
of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly
Executive Chair & Director
Westbridge Energy Company
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute
"forward-looking information" ("forward-looking information")
within the meaning of the applicable Canadian securities
legislation. All statements, other than statements of historical
fact, are forward-looking information and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information.
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward-looking statements. Any number of
factors could cause actual results to differ materially from these
forward-looking statements as well as future results. Although the
Company believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward-looking statements will prove to be
correct. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking statements or
otherwise.
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SOURCE Westbridge Energy Corporation
