Vancouver, BC – May 15, 2023 – Hypercharge Networks Corp. (NEO: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading, smart electric vehicle (EV) charging solutions provider, is pleased to announce its participation in the Town of Devon’s grand opening and open house event for the new Hypercharge Level 3 DC Fast Charger and ten Level 2 charging stations.
The event will take place on Wednesday, May 17, 2023, from 4:30 to 6:30 p.m. at the Dale Fisher Arena parking lot. The new charging stations are located at the Devon Community Centre, Devon Town Office, and Dale Fisher Arena, and are the result of a successful partnership between the Town of Devon municipality, Hypercharge, and Hypercharge Preferred Partner, Sustainable Projects Group.
“We are thrilled to participate the launch event for these new EV charging stations,” said Chris Koch, Head of Growth & Partnerships at Hypercharge. “This project is an excellent example of how municipalities can work with clean tech partners to provide sustainable transportation infrastructure that benefits local communities and supports economic growth.”
Residents are invited to attend the event to learn more about the new EV charging stations from Hypercharge staff and to enjoy refreshments supplied from the Town of Devon in celebration of the launch.
Re-Filing of Offering Document
The Company also announces that it has filed an amended offering document (the “Amended Offering Document”) in connection with its previously announced non-brokered private placement of up to 4,761,904 units of the Company (“Units”) at a price of $1.05 per Unit (the “Offering”), for aggregate gross proceeds of up to $5,000,000. Further details of the terms of the Offering can be found in the Company’s press release dated April 6, 2023. The Company filed the Amended Offering Document to account for recent rectifications made to the Company’s continuous disclosure record, which can be accessed under the Company’s profile at www.sedar.com.
The Offering is expected to close on or around May 17, 2023. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the NEO Exchange. The Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued in the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. The Amended Offering Document related to the Offering can be accessed under the Company’s profile at www.sedar.com and at www.hypercharge.com. Prospective investors should read this offering document before making an investment decision.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
Hypercharge Networks Corp. (NEO: HC; OTC: HCNWF; FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions that offers turnkey technology to multi-unit residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy, Hypercharge is committed to providing seamless, simple charging solutions by offering industry-leading equipment and a robust network of public and private charging stations. Learn more: https://hypercharge.com/
On behalf of the company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Kelsey Letham | Head of Investor Relations
Kyle Green | Senior Marketing Manager
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “will”, “estimates”, “believes”, “intends”, “expects” and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Offering and the expected closing date of the Offering. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements 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. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the respective management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the NEO Exchange nor its Market Regulator (as that term is defined in policies of the NEO Exchange) accepts responsibility for the adequacy or accuracy of this news release.