Samuel L. Jackson has become the latest face of UK’s biggest bakery brand Warburtons, joining a series of A-list legends who have taken on the role.
In the new two minute advert the Pulp Fiction star, 74, turns his hand to the top job in the Warburtons business, alongside the bakery’s real chairman, Jonathan Warburton.
While the bread advert may not have the same gravitas as his Oscar-nominated role in Pulp Fiction, Jackson will no doubt have received a hefty cheque for his day of work.
Although bakery boss Jonathan Warburton will not disclose the exact figure he shelled out he confessed the Hollywood partnerships are a ‘huge outlay’ with Robert De Niro, Sylvester Stallone, and George Clooney said to have received six-figure sums when they starred in his campaigns.
Now, MailOnline takes a look at the Hollywood heavyweights who swapped the silver screen for British TV adverts.
Snoop Dogg and Just Eat
In 2020 legendary rapper Snoop Dogg partnered with takeaway service Just Eat, starring in their adverts and recording a new song for the company.
The star gives the jingle ‘Did somebody say Just Eat’ a new twist in the popular advert.
He is said to have been paid £5.3 million for the 30 second clip, with a source explaining: ‘It’s easy money and the adverts have proved a hit with audiences.
‘Snoop is a legendary character so the negotiation took time and plenty of cash. But having him on board has not only driven sales, it’s given the brand a massive boost.’
The music insider added the song has proved very popular on social media and is the company’s most successful advert.
After its success in the UK, the campaign was rolled out across Europe and Australia.
Britney Spears, Kevin Bacon and EE
Golden Globe winner Kevin Bacon has been a brand ambassador for British mobile network operator EE since 2012 and has been featured in several ads for the company.
One notable advert saw him team up with Britney Spears, donning the singer’s iconic red catsuit and dancing around in front of the less than impressed pop star.
EE chief executive Marc Allera said they had chosen Spears for a recognisable and retro feel to the ad campaign, explaining: ‘We were looking for an instantly recognisable star and track with mass appeal, that Kevin could impersonate.
‘We also needed someone willing to embrace the playful nature of our ads and have a bit of fun. Britney was the perfect choice with her red rubber catsuit and her world famous Oops I did It Again track.’
Bacon is allegedly paid in the seven figure range for his EE partnership.
Mr T and Snickers
The A-Team star Mr T starred in one of Snickers’ most memorable and controversial adverts in 2008.
The clip showed the actor in a tank pulling up alongside a man exercising in tight yellow shorts before shouting: ‘Speed walking? I pity you fool. You are a disgrace to the man race. It’s time to run like a real man.’
He then forces the man to break into a sprint by taking pot shots at him with a Snickers machine gun.
It ended with Mr T uttering the slogan to the current Snickers campaign – ‘Get some nuts’.
However, just days after the advert debuted it was taken off the air following strong protests from the U.S. – despite the fact it was never shown on American television.
The U.S. lobby group Human Rights Campaign claimed the advert was homophobic, criticising Mars – which makes Snickers – for condoning ‘the notion that the gay, lesbian, bisexual and transgender community is a group of second class citizens and that violence against GLBT people is not only acceptable but humorous’.
A spokesman for Mars said: ‘This ad is the second in a series of UK Snickers ads featuring Mr T, which are meant to be fun and have been positively received in the UK.
‘However, we understand that humour is highly subjective, and it is never our intention to cause offence. Accordingly, we have pulled the Mr T speedwalker ad globally.’
Nicole Kidman, Arnold Schwarzenegger and Compare The Market
Veteran actor and former Governor of California Arnold Schwarzenegger surprised fans in 2015 when he signed up to promote a two for one cinema offer with price comparison website comparethemeerkat.com.
In the advert, the former action hero Schwarzenegger was seen facing off against the hugely successful marketing campaign’s loveable meerkats Aleksandr and Sergei Orlov.
An insider said of the casting: ‘Arnie has worldwide appeal. He’s not going to come cheap but it will pay off in the long run.’
Later in the year, Arnie was replace by Oscar winning actress Nicole Kidman.
In the 40-second television advert, mother-of-four Nicole was seen arriving at the door of meerkat Aleksandr’s LA mansion – but proceeds to go on a date with his pal, Sergei.
Much to Aleksandr’s annoyance, the Australian actress finds Sergei adorable for using his Meerkat Movies code to take her to the cinema, and is seen stroking his face affectionately.
Gary Oldman and HTC
Three-time BAFTA winner Gary Oldman lent his star power to phone company HTC in 2014.
While Oldman is famously a method actor, he wouldn’t have needed to immerse himself too much for this role, which saw him say just three lines.
In the clip for the HTC handset One M8 smartphone, Oldman said: ‘Blah, blah, blah, blah, blah, blah.
‘It doesn’t matter what I say, because the new HTC is designed for people who form their own opinions.
‘So go on then, ask the internet’.
HTC’s global marketing manager, Fiona Naughton, said of their new campaign. ‘We are investing in marketing talent to create different marketing that is not mainstream because we want people to understand the brand as well as the product.’
While it’s not known how much Oldman was paid for the advert, his predecessor Last year Robert Downey Junior was rumoured to have been paid a staggering $12 million to appear in a quirky commercial for the company.
Ryan Reynolds and BT
In 2016, Deadpool star Ryan Reynolds parodied his Hollywood lifestyle in an advert for BT.
The big budget campaign featured Reynolds jumping out of cars, walking through glass doors and mass signing autographs while being unable to slow down due to his hectic lifestyle.
The advert was rolled out across TV, national press and online but ended up banned following a complaint from rival Virgin Media.
The campaign promoted its ‘up to’ 52Mb Infinity fibre service as the ‘fastest speeds vs standard entry-level fibre products of major broadband providers’, with one ad including a comparison with Sky that used speedometer graphics.
Virgin Media lodged a complaint with the Advertising Standards Authority arguing that the ad misleadingly implied BT’s 52Mb Infinity service was the fastest maximum speed service for a lowest-priced package available in the UK.
The ASA concluded that the ads were misleading and had breached the UK advertising code.
Bruce Willis and Sky Broadband
Action man Bruce Willis starred in a comical Sky Broadband advert in 2013, with the star seen sprinting into an office while in his dressing gown.
The Hollywood heavyweight is struggling with his broadband in the clip, and is unable to watch himself in Die Hard without the picture pixelating.
He ultimately ends up deciding to switch to Sky Broadband before landing a date with an attractive office worker.
However, the advert was banned by the Advertising Standards Authority because it didn’t make clear the commitment customers needed to undertake in order to take advantage of their promotional pricing.
Jackie Chan and Woolworths
Martial arts legend Jackie Chan surprised fans when he appeared in an advert for the now defunct Woolworths in 2008.
The advert was in the style of a sitcom and saw the Karate Kid star chatting to puppets of a sheep and sheepdog.
The bizarre clip saw the puppets run to Woolworths to buy clothes while Chan stayed in the house showing off his karate moves.
While it was not revealed how much Chan was paid for the advert, it may have been more than the High Street department store could afford, as the company went bust in the same year.
The newly released second series of the Netflix hit programme, Selling the OC, follows the Oppenheim Group as they take on the Orange County, showing off luxury listings and boisterous personalities, and among them is Polly Brindle.
Originally from Barnoldwick, West Yorkshire, Polly, the only Brit on the addictive show, has quickly made her mark from luring fans in with her accent to boldly demanding respect from team members.
But the 36-year-old has defied expectations. Having only been an estate agent for one year, Brindle professionally manages to close impressive deals on multimillion-dollar Hollywood homes.
It wasn’t until the pandemic that Brindle realised her desire to become a realtor, and she was still studying for her real estate license when she secured a position on the show.
Though success isn’t her only defining attribute, and glamour doesn’t fall short behind.
If you thought Selling Sunset was highoctane, then Selling The OC- which centres on the goings-on at Oppenheim’s offices in California’s Orange County- is its little sister on steroids.
And amidst the cost-of-living crisis, it provides a timely bit of escapism.
The show launched in 2021 with a peek into an eye-watering $106million listing in Laguna Beach, complete with ocean views, glassbottomed spiral staircases, a retractable roof and a 360-degree rotating bed (the commission on this sale alone is $3.18million).
While these properties are understated compared with the LA homes in Selling Sunset (‘celebrities tend to have their second homes here in Orange County,’ explains Polly), they are nonetheless show-stoppers.
‘Living walls’ teeming with thousands of plants are de rigueur, as are ‘water walls’ flowing from as high as 40ft, not to mention the almost obligatory infinity pools, customised wine cellars and home movie theatres.
But it’s the drama between the realtors — dressed as if they’re heading to Harry’s Bar rather than a house viewing — for which millions are really tuning in.
There are tears, tantrums and colleagues trying to seduce their married co-workers. And 36-year-old Polly is at the heart of much of it.
But Brindle’s journey to show is unlike the others, transitioning from Barnoldwick to Netflix stardom on Selling the OC.
The stunning model-turned-realtor hails from Barnoldswick in rural Lancashire (population 11,000), not known for its billionaires.
‘It’s way up north, very picturesque and has a very small-town mentality where everyone knows everyone else.
‘It’s a very down-to-earth place,’ Polly previously revealed in conversation with The Daily Mail.
Barnoldswick is certainly a far cry from the sun-drenched beaches of Orange County.
Polly grew up in a four-bedroom semi with her older sister Ellen, younger brother Harvey and parents Geoff, an architect, and Clare, a taxidermist.
At 15, she was spotted by a modelling scout and a year later, she left home and moved to Paris, then Milan and Barcelona, working for the likes of Virgin, Dior, Aston Martin and Marks & Spencer. She even filmed a commercial for Lancôme with Julia Roberts.
At 24, she married her husband, a model and poker player eight years her senior, and a year later they moved from London to Los Angeles ‘to have beach babies and live the American Dream’.
She loved married life and loved ‘being the perfect wife. ‘I was making dinner every night for 7 o’clock, doing the laundry and on top of that, being the breadwinner. But I was happy to do it.
‘The plan was to have four kids in total, three by the time I was 30, the white picket fence, everything. I was on track to do that and it was the perfect marriage,’ she said, ‘right up until the moment it wasn’t.’
As she revealed in the show, just five years into the marriage, her perfect life fell apart when she found pictures on her husband’s phone of him cheating.
‘Until that time I never suspected anything and I’d never snooped on him,’ she said.
‘But he came home from a trip that time and certain things just weren’t adding up.
‘I asked to see his phone and he’d deleted everything, but my brother is a computer genius and he’d given me software that could retrieve deleted information.’
She soon realised that her husband was not who he claimed to be. Having experienced divorce aged 12 when her parents separated, she never wanted to go through a repeat.
But two days after Polly found the images on his phone, he left for England and she never saw him again.
But that was just the start of her problems. As she was a U.S. visa holder, unlike her husband, she had full financial responsibility of their belongings.
She was consequently left with two leased cars under her name while renting a four-bedroom house that was more than she could afford by herself.
The financial struggle led to four years of legal back and-forth scuffles with her ex. ‘He owed me money from the house we had lived in in London and I needed that money to start all over again, so it was a battle,’ she said.
Though she had been modelling in California, the separation took a toll on her health, which meant she took a step back from her work.
‘No client wants you to represent their product when you look visibly distraught,’ she told Daily Mail.
Polly turned to a multitude of jobs, from waiting tables at West Hollywood’s Sunset Tower Hotel to managing a boutique architecture firm.
Working in architecture proved to be invaluable to Polly, who quickly came to understand the industry jargon and how to read plans.
When the pandemic hit in 2020, it served as a full stop, allowing her to think about her plans for the future.
She moved to Orange County and, while studying for her realtor’s licence, stumbled upon the Oppenheim Group’s new office, then under construction.
She knew after the first look that she was going to work there. So, Polly contacted Jason Oppenheim, who founded the company and runs it with his twin brother Brett.
The pair met up and Jason mentioned that they were making a new show, and she recalled instantly thinking ‘I’m down for this…I’m not a wallflower, so I thought I’d probably be a good fit.’
Jason, the show’s compact dynamo, who appears to spend as much time mediating between squabbling agents as he does running the business (the Oppenheim Group has made almost $2billion in sales and he is believed to be worth around $50million) admitted that he worries when hiring people that lack experience.
But found that Polly is focused and ambitious, which allowed her to quickly succeed in the business.
He added that Polly is additionally impressive as that she came from humble beginnings.
In a neat illustration of that, Polly revealed that she inked her first real-estate deal over oysters and martinis at the Sunset Tower Hotel — where she had waitressed only a few years previously.
Earlier this week, the second series of Selling the OC reached screens globally, and Polly has been in the spotlight.
Brindle can be seen closing deals while donning glamorous outfits fit for a nightclub.
Since its release, fans have speculated about her behaviour and gushed over the Yorkshire native’s trendy looks and bold personality.
But while Brindle’s often juicy actions on the show are up for debate with viewers, if one thing isn’t, it’s her success story from a little-known Yorkshire village, even to British fans, to Netflix stardom on Selling the OC.
- Rusedski, 49, wanted to run workshops and a B&B at his home in West Sussex
- But planners threw out the plans earlier this year and he has now decided to sell
Former British tennis number one Greg Rusedski is quitting his £3million country home after losing a three-year battle to turn it into a yoga and wellness retreat.
The ex-Wimbledon star, 49, and his NHS therapist wife Lucy wanted to run residential workshops and a bed and breakfast for up to 12 guests at their West Sussex farmhouse.
But planners at the local council threw out the plans earlier this year and the couple have now put their 18th Century Grade II listed home up for sale.
Rusedski had applied for planning permission for a ‘change of use’ of the property and officials were set to rule the proposed development ‘in’, not ‘out’.
But the local planning authority then served up legal opinion with lawyers called in to argue that the proposed use was as a hotel/guest house, not mixed residential.
Under the plans, a 50ft party barn within the grounds would have been used for team-building exercises, executive leadership coaching, masterclasses and seminars with bed and breakfast provided in the main seven-bedroom farmhouse which boasts six reception rooms, a swimming pool and stables.
But almost half a dozen residents and the parish council objected, saying the access to Rusedski’s home was ‘wholly inappropriate’ for commercial use as it lies on a single track shared with six other properties.
Rusedski put his home on the market with posh estate agents Knight Frank during this year’s Wimbledon tournament, with a guide price of £3million.
The farmhouse boasts original timber beams, large inglenook fireplaces and original wooden doors.
The farm also includes a separate guest and staff cottage with its own private terrace next to a heated outdoor pool.
It is described as being on the edge of one of the most sought-after villages in West Sussex with a further 33 acres of woodland, pond and pasture possibly available by separate negotiation.
In the sales listing, the estate agents said: ‘The current owners have carefully refurbished the house during their ownership, creating a stylish and contemporary family house with surprisingly grand proportions for a house of this age.
‘The outstanding party barn is over 1,500 sq.ft in space and has been beautifully restored to provide excellent space for entertaining and dining on a grand scale with underfloor heating and a commercially equipped kitchen.
‘Mature gardens and grounds surround the house and provide excellent views over the surrounding countryside.’
In 2016, Rusedski lost a second battle to build a tennis court in the grounds of his home after officials ruled that he had failed to prove that the proposed site was garden rather than farmland.
The former British number 1, who won 15 singles titles and was once ranked number four in the world, served up plans to turn his home into a wellness retreat in 2020 but finally withdrew them in February.
In a letter to planners, parish clerk Lynne Brooks said: ‘It might interest you to know that the applicant has not been at [the farm] for some months and the property is on a long term lease.
‘There is, and never has been, any real evidence of the applicant being vested in the community.
‘It leaves us with no other conclusion than to assume that this application is an exercise to maximise the value of an asset with total disregard for the community.’
But Rusedski’s planning agent volleyed back, saying: ‘The client will be operating the site and can be considered to be involved with the local community.
‘The client understands the special nature and responsibility of the ownership of a listed building and this formed part of the initial reasoning for the purchase of the building.’
VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) — HydroGraph Clean Power Inc. (CSE: HG) (OTCQB: HGCPF) (the “Company” or “HydroGraph”), a manufacturer of high-quality nanomaterials, today announced that its patented Hyperion System (“Hyperion”), designed for scaled-up production of high-purity graphene achieved a key technology milestone to produce commercial scale quantities graphene. The Hyperion System will produce fractal graphene to serve the various markets including lubricants, energy storage, resins, specialty chemicals, coatings and other markets. The validation process confirmed the capex cost per metric ton of graphene produced will be one of the lowest in the industry. The system can produce over 10 metric tons per year using readily available commodity acetylene and oxygen.
“A year ago, we challenged ourselves to design and construct a commercial scale graphene production unit at the lowest capital cost in the world. In a year, we have gone from a rudimentary proof-of-concept unit to this powerful production system,” said Stephen Corkill, VP of Operations. “With the advancement of this unit, I am proud to say the Hydrograph team has exceeded both cost and production expectations, further positioning HydroGraph as the leader in production of high purity graphene.”
The 2×2 meter modular system is comprised of mostly off-the-shelf components with no major rotating equipment allowing for easy deployment, operating on customer location by integrating into a production line or engineered with additional “reactive graphene” functionalization for increased product performance. The compact footprint also provides environmental benefits through minimal energy usage and low operating costs with one operator able to run multiple systems.
HydroGraph aims to open regional production facilities serving targeted customer locations in 2024. All facilities and production units will be owned by HydroGraph with graphene being sold to customers under long-term contracts. This will allow graphene produced to be engineered to customer volume and specification. Construction lead time for additional units is currently expected to be between 3 and 4 months.
HydroGraph is currently investigating over 20 different graphene applications with over 40 potential customers including 15 testing/NDA agreements already in place.
Closing of Second Tranche of Offering
HydroGraph is also pleased to announce the closing of the second tranche (the “Second Tranche“) of its non-brokered private placement of units previously announced on March 22, 2023 (the “Offering“). Under the Second Tranche, the Company has issued 850,000 units (“Units”) for gross proceeds of $102,000. Together with the closing of the first tranche, announced April 14, 2023, the Company has now issued 20,087,666 Units at a price of $0.12 per Unit, and raised a total of approximately $2.41 million with directors and management contributing 10% of the total. Please refer to those news releases for more details about the Offering.
About HydroGraph
HydroGraph Clean Power Inc. was founded in 2017 to fund and commercialize green, cost-effective processes to manufacture high-purity graphene, hydrogen and other strategic materials in bulk. Publicly listed on the Canadian Securities Exchange in December 2021, the Company acquired the exclusive license from Kansas State University to produce both graphene and hydrogen through their patented detonation process. More information about the Company and its products can be found on the HydroGraph website. www.hydrograph.com/
For company updates, please follow HydroGraph on LinkedIn and Twitter.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to: statements in respect of the Private Placement, the use of the net proceeds from the Private Placement, the timing and ability of the Company to close the Private Placement, if at all, the gross proceeds of the Private Placement, the timing and ability of the Company to obtain all necessary regulatory approvals, if at all, and the terms and jurisdictions of the Private Placement; the statements in regards to existing and future products of the Company; the Company’s future personnel appointments; the Company’s plans and strategies.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraph’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraph’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.
No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
Contacts:
HydroGraph Investor Relations
Salisha Ilyas
Target IR
salisha@targetir.com
Bob Wowk
HydroGraph
bob.wowk@hydrograph.com
908.627.1315
HydroGraph Media Contact
Kristin Schaeffer
kristin@amfmediagroup.com
Terms of the Stock Option Repricings
On a post-consolidation basis (see
On a post-consolidation basis, the Company has 58,333 stock options outstanding, with an exercise price of
On a post-consolidation basis, the Company has 50,000 stock options outstanding, with an exercise price of
On a post-consolidation basis, the Company has 29,166 stock options outstanding, with an exercise price of
On a post-consolidation basis, the Company has 8,733 stock options outstanding, with an exercise price of
A total of 354,564 outstanding stock options have had their exercises prices amended to
Warrant Repricings
Further to its news release of
| No. of Warrants | Old Price | New Price | Expiry | ||
| 6,170,799 | |||||
| 2,981,237 | |||||
| 849,953 | |||||
| 179,719 | |||||
| 138,887 | |||||
| 208,333 | |||||
| 10,528,928 | Total | ||||
Pursuant with TSXV policies, the warrants now have an acceleration clause such that if the closing price for the Company’s shares are 25% higher then the exercise price (or greater) for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.
About
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. Rover is currently focussed on the development of a claystone lithium project in southwest
The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of
You can follow Rover on its social media channels:
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Facebook: https://www.facebook.com/RoverMetals/
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for corporate videos.
Subscribe to our Newsletter on our Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2855
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
Source:
2023 GlobeNewswire, Inc., source
The common shares will be issued quarterly and will be subject to a four-month and one-day hold period commencing upon the date of issuance. Under the Shares for Services Agreements, the deemed price per common share to be issued will be no less than the volume weighted average closing price of the Company’s common shares on the last three trading days of each quarter, provided that in any event, the price will not be lower than the discount permitted under applicable
ABOUT
Forward-Looking Statements
Certain information contained in this press release constitutes “forward-looking information”, within the meaning of applicable securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to.” Forward-looking statements contained in this press release may include statements regarding the timing and pricing of the common share issuances. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: regulatory approvals, obtaining the requisite disinterested shareholder approval, market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
To learn more about
ON BEHALF OF THE BOARD OF RIO2 LIMITED
Email: alex.black@rio2.com
Tel: +51 99279 4655
Email: kathryn.johnson@rio2.com
Tel: +1 604 762 4720
Neither
Source:
2023 GlobeNewswire, Inc., source
VANCOUVER, British Columbia , Dec. 22, 2022 (GLOBE NEWSWIRE) — (TSXV: NBM) (OTCQB: NBMFF)
- In Due Diligence Period with Pyeongtaek City’s Relevant Departments and Officials for Silicon Anode Commercial Plant Construction Approval
- Expecting Permit Approval Middle to End of January 2023
- Initiated Discussion with South Korean Financial Institutions and Banks for Strategic Debt Financing at Low Interest Rates for Construction and Equipment
- Actively Exploring Non-Dilutive Funding Options through South Korean Government Policies Related to Clean Technology, Automobile Electrification, and Net-Zero Emissions
- Significant Progress in Both Construction and Technology Optimization for Electric Vehicle Silicon Anode Commercialization
NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to provide updates on the construction permit for NEO’s Silicon Anode Commercial Plant in the Oseong Foreign Investment Zone.
Silicon Anode Commercial Plant: Construction Permit Update
As announced on November 30, 2022, the Company has submitted the plant’s construction permit application to the City of Pyeongtaek through its South Korean subsidiary, NBM Korea. NEO’s management and commercialization engineering team are currently in discussion with the city’s construction and relevant departments and performing the necessary due diligence and regulatory work to gain permit approval. Concerning the timeline, the Company expects the construction permit to be approved by the middle to end of January.
Mr. Spencer Huh, President and CEO of NEO, said, “As NEO inches towards the construction of our 240 tonnes per annum silicon anode commercial facility, we have started discussing with South Korean financial institutions and banks to secure strategic debt financing at low interest rates for construction and equipment. Additionally, like the Inflation Reduction Act in the U.S., the Company is actively searching for South Korean government subsidies, grants, and policies that emphasize clean technology and automobile electrification initiatives. Our MOU and collaboration with the Gyeonggi Province will allow us to gain access to the political network and to be plausible candidates for these initiatives.”
Mr. Sung Rock Hwang, COO of NEO and former executive director of Samsung SDI, commented, “On the construction side of commercialization, our team has been exceptionally working well with the city’s officials, and we expect to announce soon our long-awaited news for construction permit approval, which will help our silicon anode technology to advance another step in being integrated in electric vehicles. On the technology side of commercialization, significant progress in optimization has been made through feedback, and we soon anticipate milestone deals with lithium-ion battery supply chain partners that will help us build a reputation within the ecosystem.”
The construction permit is first submitted as an application for urban planning review and discussed with Pyeongtaek City’s construction department to arrange consultations with the relevant internal and external departments for licensing such as Urban Planning, Construction Permit, and Environmental. The related documents for the architectural, layout, floor, elevation, structure, and firefighting plans are being concurrently submitted.
About NEO Battery Materials Ltd.
NEO Battery Materials Ltd. is a Vancouver-based company focused on electric vehicle lithium-ion battery materials. NEO has a focus on producing silicon anode materials through its proprietary single-step nanocoating process, which provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials. The Company intends to become a silicon anode active materials supplier to the electric vehicle industry. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.
On behalf of the Board of Directors
Spencer Huh
President and CEO
604-355-6463
shuh@neobatterymaterials.com
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
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.
