Toronto-based Solutions4CO2 Inc has appointed Beng Lai to Solutions4CO2’s board of directors. Solutions4CO2 Inc. has a patented system to capture Greenhouse Gases from waste gas streams. Lai is founder and president of Intrynsyc Capital Corporation. He has advised, raised capital for and invested in small-cap, growth stage public and private companies for almost 25 years. He has also been the investment manager of a Canadian venture capital fund and has had senior management and board positions in public and private companies in Canada.
Solutions4CO2 Inc. (“SFC” or “the Company”) (TSX VENTURE:SFC) the Company is pleased to announce the appointment of Mr. Beng Lai to Solutions4CO2’s Board of Directors effective May 4, 2012.
Beng Lai is the founder and President of Intrynsyc Capital Corporation, an exempt market dealer that provides investment banking services to growth companies and accredited investors. Beng has advised, raised capital for and invested in small-cap, growth stage public and private companies for nearly 25 years. He was previously an investment banker at Jennings Capital Inc. with responsibility for the healthcare/biotechnology, technology and industrial sectors. His prior investment banking experience was with Barclays de Zoete Wedd Ltd. and N.M. Rothschild & Sons Ltd., both in the UK. He has also been the investment manager of a Canadian venture capital fund and has had senior management and board positions in public and private companies in Canada.
Additionally, the Company announced that it has granted stock options to acquire an aggregate of 750,000 common shares to directors, officers, employees and consultants of the Company and its subsidiary under SFC’s stock option plan. Each option granted to directors, officers, employees and consultants is exercisable for a ten year period to acquire one common share at a price of $0.20 per share and vest on an annual schedule.
About Soutions4CO2 Inc.:
Solutions4CO2 Inc. has a patented system to capture Greenhouse Gases (GHGs) from waste gas streams. The system utilizes these gases in the production of high-value co-products derived from microalgae. The Corporation’s system utilizes patented technology under exclusive license and supply agreements to efficiently capture and separate the primary greenhouse gases, such as carbon dioxide, nitrogen dioxide and sulphur dioxide, from post combustion, fermentation or biogas processes. The system is capable of efficiently capturing over 95% of these gasses and delivers these gasses in a fully dissolved form into algae cultivation systems resulting in enhanced growth rates. The system is capable of optimizing the delivery of CO2 by monitoring the level of CO2 in solution to an accuracy of 5ppm. The company is focused on designing, building, operating and maintaining these waste gas/water to co-product systems in partnership with large emitters and co-product producers.
This news release may contain forward-looking statements that are based on Solutions4CO2 Inc.’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.