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Pressure Technologies - Proposed Offering by Greenlane Renewables Inc.

This content has been sourced from: https://www.investegate.co.uk/pressuretechnologies...

Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")

Further re: Proposed Offering by Greenlane Renewables Inc.

Further to its announcement of 11 February 2020, the Board of Pressure Technologies notes the subsequent announcement by Greenlane Renewables Inc. ("Greenlane") regarding its underwritten public offering (the "Offering"). Greenlane has confirmed the allocation of 20,000,000 units in the company pursuant to the Offering, (each unit comprising one common share and one-half of one common share purchase warrant) at a price of $0.50 per unit, raising gross proceeds of $10m.