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UGE International Ltd. Announces Closing of Plan of Arrangement

Fri, 16 Aug 2024 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 16, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which 1000896425 Ontario Ltd. (the "Purchaser"), an affiliate of NOVA Infrastructure Fund II, LP, acquired, with an effective date of August 15, 2024 (the "Effective Date") all of the issued and outstanding common shares of the Corporation (the "Common Shares") for C$2.00 per Common Share (the "Consideration"), other than Common Shares held by certain management representatives and shareholders of the Corporation (the "Rolling

UGE International Ltd. Announces Closing of Plan of Arrangement

Fri, 16 Aug 2024 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 16, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which 1000896425 Ontario Ltd. (the "Purchaser"), an affiliate of NOVA Infrastructure Fund II, LP, acquired, with an effective date of August 15, 2024 (the "Effective Date") all of the issued and outstanding common shares of the Corporation (the "Common Shares") for C$2.00 per Common Share (the "Consideration"), other than Common Shares held by certain management representatives and shareholders of the Corporation (the "Rolling

UGE International Ltd. Provides Update on Closing of Plan of Arrangement

Fri, 09 Aug 2024 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") announces that the closing of its previously announced plan of arrangement (the "Arrangement") with 1000896425 Ontario Ltd. (the "Purchaser"), an affiliate of NOVA Infrastructure Fund II, LP, pursuant to an arrangement agreement (the "Arrangement Agreement"), dated May 28, 2024, is now expected to occur on or about August 14, 2024, as opposed to on or about August 8, 2024, as was previously stated in the Company's news release dated July 31, 2024.
The Company acknowledges that the Purchaser has satisfied

UGE International Ltd. Provides Update on Closing of Plan of Arrangement

Fri, 09 Aug 2024 08:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") announces that the closing of its previously announced plan of arrangement (the "Arrangement") with 1000896425 Ontario Ltd. (the "Purchaser"), an affiliate of NOVA Infrastructure Fund II, LP, pursuant to an arrangement agreement (the "Arrangement Agreement"), dated May 28, 2024, is now expected to occur on or about August 14, 2024, as opposed to on or about August 8, 2024, as was previously stated in the Company's news release dated July 31, 2024.
The Company acknowledges that the Purchaser has satisfied

UGE International Ltd. Announces Securityholder Approval of Going Private Transaction

Wed, 31 Jul 2024 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce that the shareholders of the Company (the "Shareholders"), holders of the Company's compensation warrants (the "Warrantholders"), and holders of the Company's convertible debentures (the "Debentureholders", and collectively with the Shareholders and Warrantholders, the "Securityholders") have approved the proposed plan of arrangement (the "Arrangement") involving 1000896425 Ontario Ltd., an affiliate of NOVA Infrastructure Fund II, LP, at the annual general and special meeting of Shareholders and special meeting of Securityholders (the "Meeting") held earlier today.
The special resolution

UGE International Ltd. Announces Securityholder Approval of Going Private Transaction

Wed, 31 Jul 2024 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 31, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce that the shareholders of the Company (the "Shareholders"), holders of the Company's compensation warrants (the "Warrantholders"), and holders of the Company's convertible debentures (the "Debentureholders", and collectively with the Shareholders and Warrantholders, the "Securityholders") have approved the proposed plan of arrangement (the "Arrangement") involving 1000896425 Ontario Ltd., an affiliate of NOVA Infrastructure Fund II, LP, at the annual general and special meeting of Shareholders and special meeting of Securityholders (the "Meeting") held earlier today.
The special resolution

UGE Achieves Commercial Operation for Rooftop Community Solar Project in Staten Island, New York

Tue, 16 Jul 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 16, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that its 510kW rooftop community solar project in Staten Island, New York reached commercial operation and has begun generating electricity.
UGE's newest community solar project is built atop Expressway Plaza, a shopping center on Staten Island. At just over half a megawatt, the project will offset roughly 700 metric tons of CO₂ emissions each year and will produce enough electricity to power approximately 140 homes.
Subscribers to the Expressway Plaza community solar project

UGE Achieves Commercial Operation for Rooftop Community Solar Project in Staten Island, New York

Tue, 16 Jul 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 16, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that its 510kW rooftop community solar project in Staten Island, New York reached commercial operation and has begun generating electricity.
UGE's newest community solar project is built atop Expressway Plaza, a shopping center on Staten Island. At just over half a megawatt, the project will offset roughly 700 metric tons of CO₂ emissions each year and will produce enough electricity to power approximately 140 homes.
Subscribers to the Expressway Plaza community solar project

UGE International Ltd. Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Going-Private Transaction

Thu, 11 Jul 2024 17:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce the mailing of its notice of meeting, management information circular (the "Circular"), forms of proxy and letters of transmittal (collectively, the "Meeting Materials") to the holders (the "Shareholders") of common shares in the capital of UGE (the "Shares" and each, a "Share"), the holders of compensation warrants (the "Warrantholders"), and the holders of convertible debentures (the "Debentureholders", and collectively with the Shareholders and Warrantholders, the "Securityholders") in connection with the annual general meeting of Shareholders and

UGE International Ltd. Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Going-Private Transaction

Thu, 11 Jul 2024 17:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - July 11, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") is pleased to announce the mailing of its notice of meeting, management information circular (the "Circular"), forms of proxy and letters of transmittal (collectively, the "Meeting Materials") to the holders (the "Shareholders") of common shares in the capital of UGE (the "Shares" and each, a "Share"), the holders of compensation warrants (the "Warrantholders"), and the holders of convertible debentures (the "Debentureholders", and collectively with the Shareholders and Warrantholders, the "Securityholders") in connection with the annual general meeting of Shareholders and

UGE Reports Q1 2024 Financial Results

Wed, 29 May 2024 18:39:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the three months ended March 31, 2024. UGE reports all amounts in US dollars.
Key financial results in Q1 2024 included:
Ended the quarter with 5.6MW of operating assets that contributed $175.9K of energy generation revenue in the three months ended March 31, 2024. This reflects an increase of 64% in recurring revenue over the same period of 2023. UGE is in the early stages of scaling its operational portfolio,

UGE Reports Q1 2024 Financial Results

Wed, 29 May 2024 18:39:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the three months ended March 31, 2024. UGE reports all amounts in US dollars.
Key financial results in Q1 2024 included:
Ended the quarter with 5.6MW of operating assets that contributed $175.9K of energy generation revenue in the three months ended March 31, 2024. This reflects an increase of 64% in recurring revenue over the same period of 2023. UGE is in the early stages of scaling its operational portfolio,

UGE International Ltd. Enters into Arrangement Agreement for Going-Private Transaction

Wed, 29 May 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") and NOVA Infrastructure Fund II, LP, through its affiliated purchaser entity 1000896425 Ontario Ltd. (the "Purchaser"), announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company (the "Common Shares") pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").
Under the terms of the Arrangement Agreement, the Purchaser has agreed to acquire all of the

UGE International Ltd. Enters into Arrangement Agreement for Going-Private Transaction

Wed, 29 May 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE") and NOVA Infrastructure Fund II, LP, through its affiliated purchaser entity 1000896425 Ontario Ltd. (the "Purchaser"), announced today that they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company (the "Common Shares") pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction").
Under the terms of the Arrangement Agreement, the Purchaser has agreed to acquire all of the

Heliene and UGE Announce Strategic Partnership and Multiyear Module Supply Agreement

Wed, 08 May 2024 12:42:00 -0400

Heliene's high-quality modules with U.S. made solar cells will help UGE expand access to renewable energy for communities across the U.S.
Mountain Iron, Minnesota and New York, New York--(Newsfile Corp. - May 8, 2024) - Heliene, Inc. ("Heliene"), one of North America's fastest-growing manufacturers of high-quality solar energy equipment, today announced a multiyear module supply agreement and strategic partnership with UGE, (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leading community and commercial solar developer.
Through this agreement and partnership, Heliene will help UGE improve project economics and materially reduce supply chain risk with the provision of high-quality

Heliene and UGE Announce Strategic Partnership and Multiyear Module Supply Agreement

Wed, 08 May 2024 12:42:00 -0400

Heliene's high-quality modules with U.S. made solar cells will help UGE expand access to renewable energy for communities across the U.S.
Mountain Iron, Minnesota and New York, New York--(Newsfile Corp. - May 8, 2024) - Heliene, Inc. ("Heliene"), one of North America's fastest-growing manufacturers of high-quality solar energy equipment, today announced a multiyear module supply agreement and strategic partnership with UGE, (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leading community and commercial solar developer.
Through this agreement and partnership, Heliene will help UGE improve project economics and materially reduce supply chain risk with the provision of high-quality

UGE Partners with MaxSolar to Achieve Optimal Project Performance

Thu, 02 May 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 2, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it has signed a national service agreement with MaxSolar, a nation-wide renewable energy project operations & maintenance provider.
UGE, which had a decade of experience providing EPC (engineering, procurement, and construction) services, transformed into a full-lifecycle developer and IPP (independent power producer) starting in 2020. Since commencing the transition, UGE has built an operating portfolio of 12 projects totaling 6.6MW, with an additional nine projects totaling 18.6MW under construction. Inclusive of its

UGE Partners with MaxSolar to Achieve Optimal Project Performance

Thu, 02 May 2024 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 2, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it has signed a national service agreement with MaxSolar, a nation-wide renewable energy project operations & maintenance provider.
UGE, which had a decade of experience providing EPC (engineering, procurement, and construction) services, transformed into a full-lifecycle developer and IPP (independent power producer) starting in 2020. Since commencing the transition, UGE has built an operating portfolio of 12 projects totaling 6.6MW, with an additional nine projects totaling 18.6MW under construction. Inclusive of its

UGE Reports 2023 Financial Results

Tue, 30 Apr 2024 08:19:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 30, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the year ended December 31, 2023. UGE reports all amounts in US dollars. At the same time, within the Company's audited consolidated financial statements, the Company restated the comparative information as at and for the year ended December 31, 2022 as there had been an omission of leases that were not reported as either right-of-use assets or lease liabilities at December 31, 2022, as well as a computation

UGE Reports 2023 Financial Results

Tue, 30 Apr 2024 08:19:00 -0400

Toronto, Ontario--(Newsfile Corp. - April 30, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, reported its financial results for the year ended December 31, 2023. UGE reports all amounts in US dollars. At the same time, within the Company's audited consolidated financial statements, the Company restated the comparative information as at and for the year ended December 31, 2022 as there had been an omission of leases that were not reported as either right-of-use assets or lease liabilities at December 31, 2022, as well as a computation

UGE Announces Financial Results Release Date and Webinar

Wed, 24 Apr 2024 18:44:00 -0400

UGE to present at Planet MicroCap Next Week
Toronto, Ontario--(Newsfile Corp. - April 24, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it plans to release its Q4 and fiscal year 2023 financial statements after market close on Monday, April 29, 2024. UGE International's CEO Nick Blitterswyk and CFO Stephanie Bird will host a live webinar on Tuesday, April 30, 2024 at 11am EDT to review the results, recent Company updates and answer investor questions following the presentation.
Online Webinar Details
Date: Tuesday, April 30, 2024

UGE Announces Financial Results Release Date and Webinar

Wed, 24 Apr 2024 18:44:00 -0400

UGE to present at Planet MicroCap Next Week
Toronto, Ontario--(Newsfile Corp. - April 24, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it plans to release its Q4 and fiscal year 2023 financial statements after market close on Monday, April 29, 2024. UGE International's CEO Nick Blitterswyk and CFO Stephanie Bird will host a live webinar on Tuesday, April 30, 2024 at 11am EDT to review the results, recent Company updates and answer investor questions following the presentation.
Online Webinar Details
Date: Tuesday, April 30, 2024

UGE Achieves Notice to Proceed Milestone for 847kW Rooftop Community Solar Project in Queens, New York

Wed, 17 Apr 2024 07:00:00 -0400

Independent Third Party Values Project at USD$2.7 Million or USD$3.14/Watt
Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it has reached the 'Notice to Proceed' (NTP) milestone for its 847kW rooftop community solar project in Queens, New York. The NTP milestone indicates that financing for the project has closed and all necessary permits and interconnection approvals for the project are in place.
The project will be built atop a new 249,675-square-foot warehouse and parking facility in College Point, Queens that is developed

UGE Achieves Notice to Proceed Milestone for 847kW Rooftop Community Solar Project in Queens, New York

Wed, 17 Apr 2024 07:00:00 -0400

Independent Third Party Values Project at USD$2.7 Million or USD$3.14/Watt
Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that it has reached the 'Notice to Proceed' (NTP) milestone for its 847kW rooftop community solar project in Queens, New York. The NTP milestone indicates that financing for the project has closed and all necessary permits and interconnection approvals for the project are in place.
The project will be built atop a new 249,675-square-foot warehouse and parking facility in College Point, Queens that is developed

UGE Energizes Largest Rooftop Community Solar Project in Maine

Thu, 11 Apr 2024 07:00:00 -0400

Independent Third Party Values Project at USD$2.5 Million, or USD$2.62/Watt
Toronto, Ontario--(Newsfile Corp. - April 11, 2024) - UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the "Company" or "UGE"), a leader in commercial and community solar, announces that its 1-megawatt community solar farm in Dover-Foxcroft Maine reached commercial operation and has begun generating electricity.*
Built atop an 80,000-square-foot fieldhouse at Foxcroft Academy, the project is now the largest rooftop community solar project in the state of Maine. Foxcroft Academy, which is a hybrid public-private high school, will earn long-term lease income from UGE for use of the rooftop space.
Foxcroft Academy