SOURCE: Distinct Infrastructure Group Inc.

October 02, 2015 12:15 ET

Distinct Announces Appointment of Chairman of the Board and Committees

TORONTO, ON--(Marketwired - October 02, 2015) - Distinct Infrastructure Group Inc. (formerly QE2 Acquisition Corp.) (the "Company") (TSX VENTURE: DUG) is pleased to announce Mr. David O'Brien has been elected as the Chairman of the Board.

Mr. O'Brien is retired as President and Chief Executive Officer, Toronto Hydro Corporation where he served between 2004-2009. Prior to joining Toronto Hydro Corporation, Mr. O'Brien was on a six-month secondment with Ontario's Ministry of Energy from the City of Mississauga, where he initially joined as Associate Deputy Minister of Energy and was subsequently appointed Deputy Minister. Mr. O'Brien began his career 40 years ago in the City of Sudbury where he rose to the position of City Manager. Since then he has held the position of City Manager for the Region of Ottawa Carleton, the City of Gloucester, the City of Ottawa, and most recently, the City of Mississauga where he was City Manager between 1995 - 2004. Mr. O'Brien worked with KPMG from 2012 - 2014 as the Global Head of the Cities Centre of Excellence. Mr. O'Brien has also served as President and Chief Executive Officer of Enersource Corporation, the parent company of Hydro Mississauga. After stepping down as Chief Executive Officer, he was appointed to the Board of Directors of Enersource Corporation and Chair of the Development Committee.

The Corporation is also pleased to announce the following appointments:

  • Audit Committee - Messieurs Michael Newman, David O'Brien and Garry Wetsch. Mr. Newman was elected Chair.
  • Compensation and Corporate Governance Committee - Messieurs Garry Wetsch, David O'Brien, and Michael Newman. Mr. Wetsch was elected Chair.
  • Health and Safety Committee - Messieurs Alex Agius, Joe Lanni, Ian Hogg and Michael Mifsud. Mr. Alex Agius being elected Chair.

The Corporation also announces that it has granted an aggregate of 7,650,000 stock options to its directors, officers and employees. Each option is exercisable at $0.20 per common share at any time until September 28, 2020.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Company's securities; the state of the Company's industry; recent market volatility; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time. The Company expressly disclaims any obligation to update any forward-looking statements except as may be required by law.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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