Kure currently holds 1,075,500 shares in ONEnergy Inc. (“ONEnergy”).
ONEnergy is in the final process of selling its entire energy retail business, which includes its Canadian Gas & Power business operated through its wholly-owned subsidiary, Sunwave Gas & Power Inc. and its US Gas & Power business operated through Sunwave’s wholly-owned subsidiary, Sunwave USA Holdings Inc. and its wholly-owned subsidiaries. The deal received approval of shareholders at a Special Meeting of Shareholders which was held on November 26, 2018 after receiving conditional approval from the TSX Venture Exchange on April 3, 2018. The transaction closed on December 1, 2018.
Kure Technologies, Inc. voted in support of this transaction.
Trading in the common shares of ONEnergy remains halted until the completion of another transaction, with Suske Capital which was previously announced on April 26, 2018, involving a minimum of $200 million of seniors retirement residences.
Detailed information regarding ONEnergy can be found on their website (www.onenergyinc.com), at www.sedar.com under their profile, or at TMX Money under their trading symbol (OEG).