.jpg)
12 hours ago
3
Article content
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE: ABXX) (OTCQX: ABXXF) (“Abaxx” or the “Company”) announces today that it has filed an early warning report in respect of its holdings in Base Carbon Inc. (“Base”). On May 2, 2025, Abaxx acquired 3,700,000 common shares of Base by way of private agreement (the “Acquisition”) for an aggregate purchase price of C$1,515,150 at C$0.4095 per common share.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
At the time of filing its audited consolidated financial statements for the fiscal year 2024, Abaxx held 19,339,630 common shares of Base. Immediately prior to the Acquisition, Abaxx held 15,639,630 common shares of Base, representing 14.32% of the outstanding common shares of Base on an undiluted basis. Immediately after the Acquisition, Abaxx held 19,339,630 common shares of Base, representing 17.7% of the outstanding common shares of Base on an undiluted basis. As a result of the Acquisition and certain issuer events of Base, Abaxx’s ownership of Base has increased by more than 2% since the filing of its last early warning report.
Article content
Article content
Abaxx acquired the common shares as part of its strategic interest in Base and for investment purposes. In the future, Abaxx may acquire additional securities of Base including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, and/or other relevant factors, subject to applicable restrictions and contractual obligations.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
A copy of the early warning report will be filed by Abaxx under Base Carbon’s profile on SEDAR at www.sedarplus.ca.
Article content
About Abaxx Technologies
Article content
Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.
Article content
Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.
Article content
For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.
Article content
For more information about this press release, please contact:
Article content
Steve Fray, CFO
Article content
Tel: +1 647 490 1590
Article content
Media and investor inquiries:
Article content
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 647 490 1590
E-mail: [email protected]
Article content
Article content
Article content
Article content
Article content
Article content
Article content
English (US)