Innoventé inc.

Innoventé inc.

December 02, 2010 16:47 ET

INNOVENTE to List on TSX Venture Exchange

QUEBEC CITY, QUEBEC--(Marketwire - Dec. 2, 2010) - INNOVENTE INC. (TSX VENTURE:IGE) is pleased to announce that its common shares began its trading on the TSX Venture Exchange at the opening of trading today on December 2nd, 2010 under the symbol IGE.

Innovente closed, on November 25, its initial public offering by way of prospectus for a total amount of $4,210,876 Industrial Alliance Securities Inc. and M Partners Inc. acted as co-lead agents in connection with the Offering, which was conducted with subscribers in the provinces of Ontario, Quebec and British Columbia.

The Company issued an aggregate number of 4,953,972 units at a price of $0.85 per unit. Each Unit consists of one common Share in the share capital of the Company and one Common Share purchase warrant. Each Warrant entitles its holder to purchase one Common Share in the share capital of the Company, at a price of $1.25 per share, for a period of 3 years following Closing.


INNOVENTE owns exclusive commercialization rights for an innovative technology that allows production of green energy using organic waste. Each region produces different types of agricultural, municipal and industrial waste (manure, municipal sludge, food processing sludge, etc.) which are costly to dispose of and often cause serious environmental problems. Through the development of regional power stations, INNOVENTE wishes to create solutions for organic waste management, energy security and reduction of greenhouse gases. Hydro-Québec (acting through its division Hydro-Québec Distribution) recently awarded INNOVENTE a 25-year electricity supply contract to produce electricity from a cogeneration plant with a 4.6 MW capacity to be built in Saint-Patrice-de-Beaurivage (Québec). INNOVENTE's strategic vision lies upon developing power stations throughout regions in Québec, in Canada and across the world.

Neither 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.

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of INNOVENTE INC. to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

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