Sorel-Tracy (Quebec, Canada), Dec. 10, 2007 – Conporec Inc., a Canadian Company specialized in the treatment and recovery of household waste and organic materials, today announced its listing on the Alternext by EuronextTM Paris market on December 12, 2007. Conporec is already listed on the TSX Venture Exchange under the stock symbol CNX.
Conporec offers municipalities a genuine alternative solution to landfill use. The sorting-composting technolodgy developed by Conporec allows its clients to recover more than 70% of waste that would otherwise be sent to landfills. In addition, through its BiomaxTM solutions, the Company also offers its clients innovative and effective organic waste recovery solutions.
The admission to the Alternext by EuronextTM Paris market of Conporec shares via direct listing will take place December 12, 2007. The reference price of shares will be communicated on December 12, 2007 during the pre-opening. This price will be determined by reference to the closing price of shares traded on the TSX Venture Exchange on December 11, 2007 – the evening before the stock is admitted to the Alternext market. The price will be converted into Euros at the day’s currency exchange rate.
Admission to the Alternext by EuronextTM Paris market will enable Conporec to access European capital markets. Shareholders will benefit from the liquidity and protection offered by this market. This move could enable Conporec to expand its base of investors who are interested in the promising market of pro-environmental technologies.
“We are very pleased with our listing on the Alternext by EuronextTM Paris market, which will enable the Company to significantly raise its profile with the international financial community. Conporec has developed world-class technology that is already being used by clients, not only in Canada, but also in the United States, France and Australia. Presently, the Company is working on several other promising projects in Europe. Conporec’s entry on the Alternext by EuronextTM Paris market is perfectly in line with our worldwide commercial deployment plan,” said Mr. Jean Beaudoin, President and Chief Executive Officer of Conporec.
ISIN code: CA2082824004 – Alternext symbol: ALCNX - TSX-V symbol: CNX
- the operation did not involve submitting a visa prospectus to the AMF (France) ;
- Paragraph 3 of article 211-4 of the General Regulation of the Autorité des Marchés Financiers says: “[…] the distribution, direct or indirect, to the public of financial instruments acquired thus cannot be realized except under the conditions set out in articles L. 411-1, L. 411-2, L. 412-1 and L. 621-8 à L. 621-8-3 of the monetary and financial code.”
In a press release dated October 15, 2007, the Autorité des Marchés Financiers set out its rules for private placements under Alternext.
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About Conporec (www.conporec.com)
Conporec Inc. develops, owns and operates various patented waste recovery technologies through composting, sorting and other complementary processes. The Company has completed or is in the process of completing household waste sorting-composting plants in Canada, France, the United States and in Australia. Via its Biomax subsidiary, Conporec has also completed about thirty composting locations in Canada.
Conporec is a socially responsible organization listed on the TSX Venture Exchange in Toronto, Canada under the CNX symbol.
|For more information:||Jean Beaudoin
President and Chief Executive Officer
Tel : + 1.450.746.9996
H. et Associés – Groupe Philippe Hottinguer
Jean-David Doly / Philippe Azevedo
Tel: (+33) 01 55 04 05 51/52
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