Brussels, 19 June 2019
The European Commission has found German plans to support the retrofitting of municipal and commercial diesel vehicles to be in line with EU State aid rules. The measure should contribute to reducing nitrogen oxides emissions by 1,450 tonnes per year, while limiting distortions of competition. Commissioner Margrethe Vestager, in charge of competition policy, said: “Tackling air pollution is one of Europe’s greatest challenges. So these three schemes provide a good incentive for vehicle operators in Germany to invest in cleaner vehicles in the most polluted German cities. This is a good example of how Member States can work to introduce measures that reduce air pollution, in line with both our rules and our common European objective of cleaner air for all.”
The three support schemes that Germany intends to set up, with an overall budget of around €431 million, will support the retrofitting of municipal and commercial vehicles (such as cleaning vehicles, garbage trucks and delivery vehicles) equipped with diesel engines. The public support will be available in over 60 municipalities (German Kommunen) where national limits for nitrogen oxides (NOx) emissions were exceeded in 2017, and will cover the costs of both the retrofitting systems and their installation.
The measures are part of the German Federal Government’s “Immediate Clean Air Programme for 2017-2020” (Sofortprogramm Saubere Luft 2017-2020), which aims to reduce nitrogen oxides emissions as quickly as possible.
The retrofitting will concern a large number of vehicles – in the German municipalities that will benefit from the schemes, there are currently over one million heavy and light municipal and commercial vehicles equipped with diesel engines.
The planned support for the retrofitting is expected to lead to substantial reductions of nitrogen oxides emissions in a very short period of time, improving air quality and public health, in particular in cities.
More specifically, the German authorities estimate that the retrofitting will have the following impact:
Category of Vehicle Expected Number of Vehicles Retrofitted Heavy Municipal (>3.5 tonnes) 8,120 Heavy Commercial (3.5-7.5 tonnes ) 20,000 Expected Annual NOx Reduction 750 tonnes 400 tonnes Light Municipal and Commercial (2.8-3.5 tonnes) 84,000 300 tonnes
The measures are also in line with the Commission’s 2018 Communication on “A Europe that protects: Clean air for all”, which states that, under EU State aid rules, Member States may facilitate investments in low and zero emission mobility for the benefit of clean air, while promoting the competitiveness of our industry. Member States can make use of these rules at national, regional or local level to effectively tackle emissions, for example from road transport.
On this basis, the Commission approved the measures under EU State aid rules, because they contribute to EU environmental goals without unduly distorting competition. Today’s decision is another example of how EU State aid rules enable Member States to support the fight against air pollution. In November 2018, the Commission had already approved a German State aid scheme to support the retrofitting of diesel buses used for local public transport.
Triumph Gold Corp. (TSXV: TIG) (OTCMKTS: TIGCF) is pleased to announce its intention to complete a non-brokered private placement (the “Offering”) of up to 17,000,000 units (the “Units”) at a price of CDN$0.35 per Unit for gross proceeds of up to CDN$5,950,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.60 per Share for a period of 24 months from the date of issuance.
The Offering is available to investors in reliance on certain prospectus exemptions including to existing shareholders of the Company (the “Existing Security Holder Exemption”) and to investors who have received investment advice (the “Investment Dealer Exemption”). The Existing Security Holder Exemption is available in each of the provinces and territories of Canada to a person or company who became a shareholder of the Company on or before April 9, 2019 (the “Record Date”). To rely upon the Existing Security Holder Exemption, the shareholder must: (a) have been a shareholder of the Company on the Record Date and continue to hold shares of the Company until the date of closing of the Offering, (b) be purchasing the Shares as a principal and for their own account and not for any other party, and (c) not subscribe for more than CDN$15,000 of securities from the Company in any 12-month period unless the shareholder has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in the shareholder’s jurisdiction.
The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person’s or company’s jurisdiction. As required by the Existing Security Holder Exemption and Investment Dealer Exemption, the Company confirms there is no material fact or material change relating to the Company that has not been generally disclosed.
There is no minimum Offering size and the maximum offering is 17,000,000 Units for gross proceeds of CDN$5,950,000. Assuming the Offering is fully subscribed, the Company plans to allocate the gross proceeds of the Offering to: (i) exploration on its Freegold Mountain project (CDN$5,000,000) and (ii) general working capital (CDN$1,000,000).
If the Offering is not fully subscribed, the Company will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Company determine is in the best interests of the Company. Although the Company intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.
If the Offering is oversubscribed, unless the Company determines to increase the maximum gross proceeds of the Offering and receives approval from the TSX Venture Exchange for such increase, the Company will allocate the Units issued under the Offering to those subscribers whose subscriptions were first received by the Company. A subscription will be deemed to be received when a completed subscription agreement together with payment of the subscription amount has been received by the Company.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Offering would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s market capitalization.
The Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.
Closing of the Offering is subject to approval of the TSX Venture Exchange.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Additional resale restrictions and legends may apply in the United States and other jurisdictions.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and more information, please visit our website www.triumphgoldcorp.com
dynaCERT (TSX.V-DYA) (OTCQB: DYFSF) is pleased to announce that it has received a purchase order for ten (10) HG145 units of its HydraGEN TM Technology from a Toronto area business, Newport Environmental Technologies (“Newport”), a member of the Sparta Group (TSX.V:SAY). Newport, which is a Canadian environmental company focusing on reducing waste and sequestering CO2 emissions, has agreed to purchase the HydraGEN TM Technology to enhance combustion and track greenhouse gas emissions on its entire fleet of highway tractors that operate in the Greater Toronto area.
All vehicles that are to be outfitted with dynaCERT’s HydraGEN TM Technology are highway tractors, typically hauling 53-foot bulk trailers and travelling east-west across the North of Toronto via Hwy 401. On average, each vehicle travels about 700 kilometres (435 miles) per day, translating into about 1,700,000 kilometres (1,080,000 miles) per year for the entire fleet and thus consuming some 750,000 litres (198,000 gallons) of diesel fuel and producing over 2,000 tonnes of GHG per year.
Newport’s Trevor McCagherty, said, “This purchase is part of our overall strategy that is looking to transform single-use plastics into synthetic fuel to be used to power our fleet and lower our carbon footprint. Our team is familiar with the benefits provided by hydrogen enhanced combustion. HydraGEN TM Technology is particularly important to us as a proven catalyst which increases the burn rate while reducing emissions and improving torque and power. As Sparta continues to look at developing alternative fuel mixtures, HydraGEN TM Technology can enhance all our endeavours including in synthetic diesel as well as in biofuels. What becomes even more interesting is the ability of the HydraGEN TM Technology to measure and track GHG reduction.”
The units are expected to be installed over the next several weeks as Newport’s equipment comes in for service.
Jim Payne, President & CEO of dynaCERT commented, “As a Canadian company rapidly growing internationally, I am very proud that dynaCERT has been able to obtain the first such noteworthy commitment from an Ontario trucking fleet operating locally. We look forward to working closely with Newport and Sparta and its extremely knowledgeable management. On behalf of the board of directors of dynaCERT, I sincerely thank John O’Bireck, a member of our advisory board, for his invaluable assistance in securing our important new client.”
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website:www.dynaCERT.com
Jordan Roy-Byrne of the Daily Gold, and John Anderson, Chairman of Triumph Gold (TSX.V-TIG) (OTCMKTS: TIGCF) discuss their Freegold Mountain project at the January 2019 Metals Investor Forum in Vancouver.
Jay Taylor, Editor, J Taylor’s Gold, Energy & Tech Stocks, interviews John Anderson, Chairman of Triumph Gold Corp. TSXV-TIG OTCMKTS-TIGCF at Metals Investor Forum January 2019 in Vancouver BC
dynaCERT $DYA $DYFSF provides update on European Homologation, European International Official Launch and receipt of Certificate of Excellence by the Silicon Review as a 2018 Awardee of the 50 Top Innovative Companies to watch.
Video Interview with John Anderson, Chairman of Triumph Gold Corp $TIG $TIGCF