The distribution will be payable, in Canadian Dollars, to shareholders of record on
The distribution will be classified as a return of capital. The tax consequences to any particular shareholder of a return of capital are fact-specific and shareholders are urged to seek independent advice as to the implications of the distribution to their tax position.
On behalf of the Board of Directors
Director and Executive Chair
skelly@westbridge.energy
+1 416 998-4714
Neither the
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: the payment of a cash distribution to the Company's shareholders.
In connection with the forward-looking information contained in this news release, Westbridge Renewable and its subsidiaries have made numerous assumptions regarding, among other things: the Company is not insolvent and paying the cash distribution to the shareholders will not make the Company insolvent; and the timing and payment of the cash distribution, and the tax treatment of the cash distribution. While Westbridge Renewable considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Westbridge Renewable's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the cash distribution may not be made to the shareholders as currently contemplated,
A more complete discussion of the risks and uncertainties facing Westbridge Renewable is disclosed in Westbridge Renewable's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Westbridge Renewable disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
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