ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (the “Company”,
“Zefiro”, or “ZEFI”) is pleased to announce that its
common shares are now trading on the Cboe Canada Inc. (“Cboe
Canada”) exchange, as part of Zefiro’s successful Initial Public
Offering (“IPO”) which was recently announced by the Company in a
press release dated April 11, 2024. A ceremony took place yesterday
at Cboe Canada’s head office in Toronto, where Zefiro Founder and
Chief Executive Officer Talal Debs PhD rang the bell alongside
Zefiro team members.
Pictured From Left to Right During Zefiro’s
Bell-Ringing Ceremony at Cboe Canada’s Office on April 23, 2024:
Michael Downs and Jeffrey Slotterback of PhiCap Advisors LLC, Tina
Reine (Chief Commercial Officer of Zefiro), Talal Debs PhD (Founder
and Chief Executive Officer of Zefiro), and Luke Plants (Senior
Vice President of Business Development of Zefiro, and CEO of
Zefiro’s subsidiary Plants & Goodwin, Inc.).
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Company’s website for a version of this press release containing
all published media.
Zefiro is focused on reducing emissions of methane
gas, which is 25x to 84x more potent than carbon dioxide emissions.
Through its asset retirement and environmental markets operations,
Zefiro is the only fully integrated provider focused on the
millions of sites throughout North America that continue to leak
methane on a daily basis. Zefiro’s partnerships with industry
operators, state agencies, and federal governments are expected to
continue increasing the Company’s revenue and EBITDA growth for
public shareholders.
Zefiro continues to build out its presence in the
United States, where the latest expert estimates indicate that
there are more than four million abandoned wells, with USD $4.7
billion in federal funding recently announced for orphaned well
site plugging, remediation and restoring activities to help address
the leading causes of the methane emissions crisis. Throughout
2023, Zefiro scaled its foundation as an environmental services
company with its acquisition of Plants & Goodwin, Inc. (based
in Bradford, Pennsylvania), and a strategic bolt-on acquisition of
Appalachian Well Surveys, Inc., a wireline company in Cambridge,
Ohio, which makes it fully integrated. In July 2023, Zefiro
announced the presale of certified carbon credits to Mercuria
Energy America, LLC, which is the United States-based division of
one of the world’s largest independent energy and commodities
groups. Additionally, in December 2023, Zefiro hosted an event in
the “Blue Zone” of the United Nations’ Climate Change Conference in
Dubai.
Zefiro and related subsidiaries have recently been
featured by multiple media outlets including MarketWatch, Quantum
Commodity Intelligence, the Pittsburgh Post-Gazette, World Oil, and
the Wall Street Journal. Please also see a recent op-ed by Zefiro
Founder and Chief Executive Officer Talal Debs highlighting ‘Active
Sustainability’ which utilizes capital to support a solution to a
problem such as the methane emissions crisis, while also driving
economic value as a business. Please refer to the “In the Press”
section of Zefiro’s website for a listing of recent press and media
coverage: https://zefiromethane.com/media/in-the-press/
“Yesterday’s bell-ringing ceremony at the Cboe
Canada headquarters marked the beginning of Zefiro’s latest chapter
as a growing environmental services company. Through its asset
retirement and environmental markets operations, Zefiro is the only
fully integrated provider focused on the millions of sites
throughout North America that continue to leak methane on a daily
basis,” commented Zefiro Founder and Chief Executive Officer Talal
Debs. “By virtue of being listed, Zefiro can now provide
institutional and retail investors alike with the opportunity to
join the Active Sustainability movement. I am proud of and grateful
for all of the Zefiro team members and early-stage investors whose
contributions brought us here today, and we look forward to
Zefiro’s exciting future as a public company on the Cboe Canada
exchange!”
About Zefiro Methane Corp.
Zefiro is an environmental services company,
specializing in methane abatement. Zefiro strives to be a key
commercial force towards Active Sustainability. Leveraging decades
of operational expertise, Zefiro is building a new toolkit to clean
up air, land, and water sources directly impacted by methane leaks.
The Company has built a fully integrated ground operation driven by
an innovative monetization solution for the emerging methane
abatement marketplace. As an originator of high-quality U.S.-based
methane offsets, Zefiro aims to generate long-term economic,
environmental, and social returns.
On behalf of the Board of Directors of the
Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please
contact:
Zefiro Investor Relations1 (800) 274-ZEFI
(274-9334)investor@zefiromethane.com
For media inquiries, please
contact:
Rich Myers - Profile Advisors (New
York)media@zefiromethane.com +1 (347) 774-1125
Advisors
PI Financial Corp. acted as lead underwriter in
connection with the IPO, on behalf of a syndicate of underwriters
that included Raymond James Ltd. and Echelon Wealth Partners Inc.
Cozen O’Connor served as counsel to the Company. Zefiro also
engaged PhiCap Advisors LLC as strategic financial advisor.
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information is often, but not always,
identified by the use of words such as “seeks”, “believes”,
“plans”, “expects”, “intends”, “estimates”, “anticipates” and
statements that an event or result “may”, “will”, “should”, “could”
or “might” occur or be achieved and other similar expressions. In
particular, this news release contains forward-looking information
including statements regarding: the Company’s intention to reduce
emissions from end-of-life oil and gas wells and eliminate methane
gas; the Company’s partnerships with industry operators, state
agencies, and federal governments; the Company’s expectations for
continued increases in revenues and EBITDA growth as a result of
these partnerships; the Company’s intentions to build out its
presence in the United States; the anticipated federal funding for
orphaned well site plugging, remediation and restoring activities;
the Company’s expectations to become a growing environmental
services company; the Company’s ability to provide institutional
and retail investors alike with the opportunity to join the Active
Sustainability movement; the Company’s ability to generate
long-term economic, environmental, and social returns; and other
statements regarding the Company’s business and the industry in
which the Company operates. The forward-looking information
reflects management’s current expectations based on information
currently available and are subject to a number of risks and
uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking information. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: (i) adverse general market and economic conditions; (ii)
changes to and price and volume volatility in the carbon market;
(iii) changes to the regulatory landscape and global policies
applicable to the Company's business; (iv) failure to obtain all
necessary regulatory approvals; and (v) other risk factors set
forth in the Prospectus under the heading “Risk Factors”. The
Company operates in a rapidly evolving environment where
technologies are in the early stage of adoption. New risk factors
emerge from time to time, and it is impossible for the Company’s
management to predict all risk factors, nor can the Company assess
the impact of all factors on Company’s business or the extent to
which any factor, or combination of factors, may cause actual
results to differ from those contained in any forward-looking
information. Forward-looking information in this news release is
based on the opinions and assumptions of management considered
reasonable as of the date hereof, including, but not limited to,
the assumption that general business and economic conditions will
not change in a materially adverse manner. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information. The
forward-looking information included in this news release is made
as of the date of this news release and the Company expressly
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
law.
A photo accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b93375c-e014-43dc-95f0-7f5f05593d59
Zefiro Methane (NEO:ZEFI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Zefiro Methane (NEO:ZEFI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024