AccelRate Power Systems Inc.
FRANKFURT : KCG
TSX VENTURE : APR

AccelRate Power Systems Inc.

November 02, 2009 14:14 ET

Early Warning Report Respecting AccelRate Power Systems Inc.

National Instrument 62-103 and Multilateral Instrument 62-104

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - Reimar Koch (the "Offeror"), President and a director of AccelRate Power Systems Inc. (TSX VENTURE:APR)(FRANKFURT:KCG) (the "Company"), reports pursuant to section 5.2(1) of Multilateral Instrument 62-104 and Appendix E of National Instrument 62-103 that on October 29, 2009 he acquired ownership and control (the "Acquisition") of 1,040,000 shares (each a "Share") of the Company. The referenced shares are subject to a four month hold period.

Prior to the Acquisition, the Offeror held 252,608 Shares, representing 3.72% of the Company's 5,759,834 outstanding shares. Immediately after the Acquisition, the Offeror held 1,292,608 Shares, representing 19.1% of the Company's 6,799,834 outstanding shares.

The Offeror now owns and controls 1,292,608 Shares. The Offeror does not have ownership and control of any other securities of the Company, either alone or together with any joint actors. The Offeror does not have ownership of any other securities of the Company, either alone or together with any joint actors, where control is held by persons or companies other than the Offeror or any joint actor. The Offeror does not have exclusive or shared control of any other securities of the Company, either alone or together with any joint actors, without ownership.

The Acquisition was made by issuance of shares from the Company's treasury in settlement of $52,000 of the Company's indebtedness to the Offeror at the price of $0.05 per Share. 

The Offeror acquired the Shares for investment purposes. The Offeror has not acquired further securities of the Company since October 29, 2009 and does not currently intend to acquire ownership of, or control over, additional securities of the Company. The Offeror may from time to time in the future decide to acquire ownership of, or control over, additional securities of the Company.

The Offeror is not a party to any agreement (including any agreement with respect to the acquisition, holding, disposition or voting of any securities) with the Company or any other entity with respect to securities of the Company in connection with the Acquisition.

There is no person who may be considered a joint actor of the Offeror in connection with the Acquisition.

This is an initial release under section 5.2(1)(a) of Multilateral Instrument 62-104. The Offeror has not previously issued a news release or filed a report under Multilateral Instrument 62-104 in respect of the Company.

"Reimar Koch"
Reimar Koch

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.

Contact Information

  • AccelRate Power Systems Inc.
    Reimar Koch
    604-688-8656