UGE.V - UGE International Ltd


UGE ANNOUNCES FINAL APPROVAL OF DEBT CONVERSION, OPTIONS AWARDS Conversion Represents the Completion of Transactions resulting in $5.25 million Decrease in Liabilities

Toronto, Ontario–(Newsfile Corp. - December 7, 2018) - UGE International Ltd. (TSXV: UGE) (the “Company” or “UGE”), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce it has received final approval for the final tranche of the debt conversion transactions originally announced on October 3, 2018. The transactions strengthen UGE’s financial position by decreasing its debt by $5.25 million. All amounts are expressed in US dollars, unless otherwise noted.

This remaining debt conversion resulted in a decrease of $2,689,848 in exchange for 13,901,026 shares in UGE at a deemed conversion price of CAD$0.25 per share.

Additional Debt Conversions

In addition, the Company entered into agreements with four creditors totalling CAD$29,500 to convert specific balances owed to shares at today’s closing share price of $0.10 per share.

Stock Options Awards

As in the normal course of business, certain officers and directors of UGE have been granted a sum of 1,270,002 option awards with a strike price of $0.13.


Faut tenter de rassurer les actionnaires. Je pense que c’est normal.

Rassurant de voir que la conversion d’une partie de la dette a eu lieu à 0.25$.


D’autres updates de UGE


Intéressant, je me demande à quoi va consister le rôle de Kristaps :

UGE Announces to Add Entrepreneur Kristaps Ronka to its Board of Directors

Toronto, Ontario, Dec 17, 2018 (Newsfile Corp via COMTEX) – UGE International Ltd. (UGE) (the “Company” or “UGE”), a leader in renewable energy solutions for the commercial and industrial sector, is pleased to announce that Kristaps Ronka has agreed to join its board of directors effective immediately.

Kristaps Ronka is an entrepreneur, investor, and advisor. Mr. Ronka co-founded AdParlor in 2007, a company that in four years became the leader in managing large Facebook Ad campaigns, before being acquired in 2011. Also in 2011, Mr Ronka was named in Inc.'s “Top 30 Under 30” most promising young entrepreneurs for disrupting the industry with a visionary approach.

Mr. Ronka has since focused on advising and backing startups that are solving important problems and building disruptive technologies from transportation to medicine. Currently, Kristaps is the CEO of NameSilo LLC, a top domain registrar. Mr. Ronka is also a board member of a number of public companies, and an advisor for several fast growing private companies.

“I am excited for the opportunity to continue driving the success of UGE”, said Mr. Ronka. “With the convergence of falling solar costs, solar’s rising efficiency, and the world on the brink of a climate crisis, UGE is positioned to make a significant contribution to the global energy landscape transformation.”

The board position Mr. Ronka fills was formerly held by Joyce Ferris, who vacated her seat in October for personal reasons.


Ses contacts et sa notorieté auront peut-être un impact positif sur l’image de la compagnie … pendant ce temps UGE a touché 0.09$ aujourd’hui, un nouveau bas historique.


Il en profite pour ajouter à sa position :


Bonne nouvelle