Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, is announcing the date for the completion of a consolidation of its authorized and issued common shares. According to the announcement, the consolidation will be complete at market opening on June 8, 2023. The company noted that beginning that day, its common shares will start trading on the Canadian Securities Exchange on a post-consolidation basis under the existing ticker HEAT. The consolidation is on the basis of a one post-consolidated common share for each six preconsolidation common shares. “This proposed consolidation and the resulting share structure are key components of our company’s strategic business growth plan to increase our presence and equity trading in the U.S.,” said Hillcrest Energy Technologies CEO Don Currie in the press release.
Hillcrest also announced the appointment of a new strategic advisor to the company. According to the announcement, tech executive Bal Bhullar has accepted the strategic advisor role; her previous experience in scaling an EV manufacturer from early stages through NASDAQ listing, should support and enable Hillcrest’s focus on speed to market. Bhullar has more than two decades of experience in diversified business and investment banking experience, and served in executive and board positions for both public and private companies across an array of industries. “We are delighted to welcome Bal as a strategic advisor,” said Currie. “Her entrepreneurial spirit, outstanding work ethic and vast networks are assets that will undoubtedly have an immediate and substantial impact on our corporate priorities. We anticipate her experience and connections to create immediate value.”
To view the full press releases, visit https://nnw.fm/WYRAg and https://nnw.fm/pMywP
About Hillcrest Energy Technologies Ltd.
Hillcrest Energy Technologies is a clean-technology company developing high-value, high-performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. For more information about the company, please visit www.HillcrestEnergy.tech.
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://nnw.fm/HLRTF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
