TORONTO, Sept. 28,
2022 /CNW/ - Westbridge Energy Corp. (TSXV:
WEB) (OTCQB: WEGYF) (FRA: PUQ3) ("Westbridge" or the
"Company") is pleased to announce it will be changing
its name from "Westbridge Energy Corp." to "Westbridge
Renewable Energy Corp." to better reflect the evolution and
direction of the Company as well as its vision for the future.
It is anticipated that the TSX Venture Exchange (the
"TSXV") will publish a bulletin confirming that the
Company's common shares will commence trading on September 30, 2022 (the "Effective Date")
under the new name of Westbridge Renewable Energy Corp.
Westbridge's trading symbol of
"WEB" on the TSXV will remain unchanged. On the Effective Date, the
new CUSIP number of the Company's common shares will be
95716A102 and the new ISIN will be CA95716A1021.
There will be no consolidation of the Company's share capital in
connection with the name change. As a result, shareholders will not
be required to exchange their existing share certificates for new
certificates bearing the Company's new name. The name change will
not affect the Company's share structure or the rights of the
Company's shareholders and no action will be required to be taken
by shareholders with respect to the name change. Outstanding share
and warrant certificates will not be affected by the name change
and do not need to be exchanged.
Pursuant to the provisions of the Business Corporations
Act (British Columbia) and the
Articles of the Company, the change of name was approved by way of
resolutions passed by the Board of Directors of the Company.
Stefano Romanin, Director, and
Chief Executive Officer, commented, "In the context of today's
global energy shift toward net-zero, we are excited by the
contribution of solar, and the staggering rate at which it
continues to grow. Our team is positioned well to leverage our
expertise and bring new renewable energy projects to the forefront.
As one of the leading solar PV developers, we felt it important to
change our name at this stage of our evolution, as we help fulfill
the demands of the new global energy economy."
About Westbridge
Westbridge Renewable Energy Corp. develops best-in-class solar
PV projects. The Company plans to deliver attractive, long-term
returns by originating, executing, and developing an international
portfolio of renewable assets for investors and utilities.
Management has a strong track-record with 40+ projects developed
worldwide, obtaining, and executing permits on time and within
budget. As one of the very few listed pure-play Canadian solar
development companies, Westbridge
provides 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 Renewable Energy
Corp.
skelly@westbridge.energy
+1 604-687-7767
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statements
Certain information set forth in this document contains
forward-looking information and statements including, without
limitation, management's business strategy, management's assessment
of future plans and operations. Such forward-looking statements or
information are provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Forward-looking statements or information typically contain
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project", "potential" or
similar words suggesting future outcomes or statements regarding
future performance and outlook. Readers are cautioned that
assumptions used in the preparation of such information may prove
to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted as a result of numerous
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of the Company.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could
cause the actual results to differ materially from those in
forward-looking statements include general business, economic,
competitive, regulatory, policy and social uncertainties, and
availability of permits and financing upon terms acceptable to the
Company or at all. Applicable risks and uncertainties
include, but are not limited to regulatory risks, risks related to
the COVID-19 global pandemic, changes in laws, market risks,
operating history, competition, and the other risks identified
under the headings "Risk Factors" in the Company's management's
discussion and analysis dated March 29,
2022 and other disclosure documents available on the
Company's profile on SEDAR at www.sedar.com. The forward-looking
statements contained in this press release are made as of the date
hereof, and the Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, except as
required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/westbridge-announces-change-of-name-to-westbridge-renewable-energy-corp-301636049.html
SOURCE Westbridge Energy Corporation
