CO2 Solutions Announces Closing of First Tranche of the Private Placement

 CO2 Solutions Announces Closing of First Tranche of the Private Placement  TSX-V: CST Outstanding shares: 94,287,836   /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION  IN THE UNITED STATES/  QUEBEC CITY, July 3, 2014 /CNW Telbec/ - CO(2) Solutions Inc. ("CO(2)  Solutions" or the "Corporation") is pleased to announce the closing of a first  tranche of the previously announced private placement of 14,600,000 units of  the Corporation (the "Units") at a price of $0.15 per Unit for aggregate gross  proceeds of $2,190,000 (the "Private Placement"). Each Unit is comprised of  one common share (a "Common Share") and one common share purchase warrant (a  "Warrant"). Each Warrant entitles its holder to acquire one additional Common  Share at a price of $0.25 per Common Share until July 3, 2017.  Euro Pacific Canada Inc. (the "Agent") acted as agent and bookrunner for the  Private Placement pursuant to an agency agreement entered into on the date  hereof between the Agent and the Corporation. In connection with the first  tranche of the Private Placement, the Corporation paid the Agent, a cash  commission of $79,607.50 and issued 530,716 non-transferable broker units to  the Agent entitling the Agent to purchase in the aggregate 530,716 Units at a  price of $0.15 per Unit until July 3, 2017.  The Corporation intends to use the net proceeds of the first tranche of the  Private Placement to provide additional working capital for continued  development operations, support cash flow requirements required for completion  of Western Canada oil sands demonstration project and the pursuit of other  market opportunities, particularly in the United States.  It is expected that the closing of a second tranche of the Private Placement  will occur on or about July 17, 2014.  Existing shareholders of CO(2) Solutions participated in the first tranche of  the Private Placement pursuant to a prospectus exemption for distributions to  existing security holders and acquired an aggregate of 768,334 Units.  All securities issued under the first tranche of the Private Placement are  subject to a four (4) month statutory hold period until November 4, 2014.  As previously announced on June 19, 2014, certain related parties of the  Corporation participated in the first tranche of the Private Placement and  subscribed for an aggregate of 2,883,333 Units. Participation of related  parties of the Corporation in the Private Placement constitutes a "related  party transaction" as defined under Multilateral Instrument 61-101 -  Protection of Minority Security Holders in Special Transactions (Regulation  61-101 respecting Protection of Minority Security Holders in Special  Transactions in Quebec) ("MI 61-101"). The Private Placement is exempt from  the formal valuation and minority shareholder approval requirements of MI  61-101, as neither the fair market value of securities being issued to  insiders nor the consideration being paid by insiders will exceed 25% of the  Corporation's market capitalization. The Corporation did not file a material  change report 21 days prior to the closing of the Private Placement as the  details of the participation of the related parties of the Corporation had not  been confirmed at that time.  This press release shall not constitute an offer to sell or the solicitation  of an offer to buy securities in the "United States", as such term is defined  in Regulation S under the United States Securities Act of 1933, as amended  (the "U.S. Securities Act"). The securities have not been and will not be  registered under the U.S. Securities Act or any state securities laws and may  not be offered or sold in the United States unless registered under the U.S.  Securities Act and applicable state securities laws or an exemption from such  registration requirements is available.  About CO(2) Solutions Inc.  CO(2) Solutions is an innovator in the field of enzyme-enabled carbon capture  and has been actively working to develop and commercialize the technology for  stationary sources of carbon pollution. CO(2) Solutions' technology lowers the  cost barrier to Carbon Capture, Sequestration and Utilization (CCSU),  positioning it as a viable CO(2) mitigation tool, as well as enabling industry  to derive profitable new products from these emissions. CO(2 )Solutions has  built an extensive patent portfolio covering the use of carbonic anhydrase, or  analogues thereof, for the efficient post‐combustion capture of carbon  dioxide with low‐energy aqueous solvents. Further information can be found  at www.co2solutions.com.  About Euro Pacific Canada Inc.  Euro Pacific Canada Inc. is a full service IIROC registered brokerage firm  headquartered in Toronto, with offices in Montréal, Vancouver and Tokyo,  Japan. The firm offers an integrated platform of economic and equity research,  institutional sales and trading, investment banking and private client  services.  CO(2) Solutions Forward-looking Statements  Certain statements in this news release may be forward-looking. These  statements relate to future events or CO(2) Solutions' future economic  performance and reflect the current assumptions and expectations of  management. Forward-looking statements in this news release include, but are  not limited to the Corporation's anticipated use of proceeds. Factors that  could cause actual results to differ materially from such forward-looking  statements include, but are not limited to, general business and economic  uncertainties and adverse market conditions as well as those risks set out in  the Corporation's public documents filed on SEDAR. Readers are cautioned not  to place undue reliance on such forward-looking statements. CO(2) Solutions  undertakes no obligation to update or revise any forward-looking statements,  whether as a result of new information, future events or otherwise, except as  may be required under applicable law.  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that  term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release.    SOURCE  CO2 Solutions Inc.  Investor and Media Contact:  Thom Skinner 418-842-3456, ext. 223 thom.skinner@co2solutions.com  www.co2solutions.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/July2014/03/c9667.html  CO: CO2 Solutions Inc. ST: Quebec NI: ENV PVT FIN  
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