Latest news with #JohnCelenza
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Cizzle Brands Announces Closing of Over-Subscribed Non-Brokered Private Placement
Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement (the ' Offering '), bringing total proceeds raised under the Offering to $4,501,682. This press release features multimedia. View the full release here: Cizzle Brands announced the closing of an over-subscribed private placement for gross proceeds of approximately $4,500,000. The Company is pleased to confirm that the Offering was over-subscribed, reflecting the strong and sustained investor interest in Cizzle Brands' strategy and outlook. John Celenza, Founder, Chairman and CEO of Cizzle Brands, commented: 'This financing marks another important milestone for us as we continue to elevate the game in health and wellness and sports nutrition. Not only does it reflect investor confidence in our strategy with the Offering over-subscribed, it also demonstrates our team's belief in our business with executives and employees investing over $500,000 in the round. We're focused, aligned, and energized to keep driving revenues while maintaining industry leading gross margins.' The second tranche of the Offering consisted of 9,796,340 units of the Company (the ' Units ') at a price of $0.36 per Unit, for aggregate gross proceeds of approximately $3,526,682. The first tranche of the Offering, which consisted of 2,708,331 Units at a price of $0.36 per Unit, for aggregate gross proceeds of $975,000, closed on Thursday, July 10, 2025. Each Unit consists of one common share of the Company (each, a ' Share ') and one share purchase warrant of the Company (each, a ' Warrant '). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.44 for a period of thirty-six months from the date of issuance. The net proceeds from the Offering will be used primarily for working capital and general corporate purposes. Finders' fees and referral fees, consisting of a cash fee of $20,088.00 and the issuance of 70,611 Units were paid to certain persons in respect of the Offering. Insiders and employees of the Company subscribed for an aggregate of 258,905 Units and 1,255,556 Units, respectively, for gross proceeds of $93,205.80 and $452,000 under the Offering. Participation by insiders of the Company in the Offering constitutes a 'related-party transaction' as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (' MI 61-101 '). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101, in each case because the fair market value of the Units is less than 25% of the Company's market capitalization. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or 'U.S. Persons', as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION 'John Celenza' John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" within the meaning of applicable securities laws, which may include, but is not limited to, the intended use of the net proceeds of the Offering and the Company's business plans and objectives. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
National Post
15-07-2025
- Business
- National Post
Cizzle Brands Announces Closing of Over-Subscribed Non-Brokered Private Placement
Article content TORONTO — Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement (the ' Offering '), bringing total proceeds raised under the Offering to $4,501,682. Article content The Company is pleased to confirm that the Offering was over-subscribed, reflecting the strong and sustained investor interest in Cizzle Brands' strategy and outlook. Article content John Celenza, Founder, Chairman and CEO of Cizzle Brands, commented: 'This financing marks another important milestone for us as we continue to elevate the game in health and wellness and sports nutrition. Not only does it reflect investor confidence in our strategy with the Offering over-subscribed, it also demonstrates our team's belief in our business with executives and employees investing over $500,000 in the round. We're focused, aligned, and energized to keep driving revenues while maintaining industry leading gross margins.' The second tranche of the Offering consisted of 9,796,340 units of the Company (the ' Units ') at a price of $0.36 per Unit, for aggregate gross proceeds of approximately $3,526,682. The first tranche of the Offering, which consisted of 2,708,331 Units at a price of $0.36 per Unit, for aggregate gross proceeds of $975,000, closed on Thursday, July 10, 2025. Article content Each Unit consists of one common share of the Company (each, a ' Share ') and one share purchase warrant of the Company (each, a ' Warrant '). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.44 for a period of thirty-six months from the date of issuance. Article content The net proceeds from the Offering will be used primarily for working capital and general corporate purposes. Finders' fees and referral fees, consisting of a cash fee of $20,088.00 and the issuance of 70,611 Units were paid to certain persons in respect of the Offering. Article content Insiders and employees of the Company subscribed for an aggregate of 258,905 Units and 1,255,556 Units, respectively, for gross proceeds of $93,205.80 and $452,000 under the Offering. Participation by insiders of the Company in the Offering constitutes a 'related-party transaction' as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (' MI 61-101 '). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101, in each case because the fair market value of the Units is less than 25% of the Company's market capitalization. Article content This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or 'U.S. Persons', as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. Article content About Cizzle Brands Corporation Article content Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. Article content This news release contains 'forward-looking information' within the meaning of applicable securities laws, which may include, but is not limited to, the intended use of the net proceeds of the Offering and the Company's business plans and objectives. Such forward-looking information is often, but not always, identified by the use of words and phrases such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Article content Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change. Article content Article content Article content Article content Article content
Business Wire
15-07-2025
- Business
- Business Wire
Cizzle Brands Announces Closing of Over-Subscribed Non-Brokered Private Placement
TORONTO--(BUSINESS WIRE)-- Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement (the ' Offering '), bringing total proceeds raised under the Offering to $4,501,682. The Company is pleased to confirm that the Offering was over-subscribed, reflecting the strong and sustained investor interest in Cizzle Brands' strategy and outlook. John Celenza, Founder, Chairman and CEO of Cizzle Brands, commented: 'This financing marks another important milestone for us as we continue to elevate the game in health and wellness and sports nutrition. Not only does it reflect investor confidence in our strategy with the Offering over-subscribed, it also demonstrates our team's belief in our business with executives and employees investing over $500,000 in the round. We're focused, aligned, and energized to keep driving revenues while maintaining industry leading gross margins.' The second tranche of the Offering consisted of 9,796,340 units of the Company (the ' Units ') at a price of $0.36 per Unit, for aggregate gross proceeds of approximately $3,526,682. The first tranche of the Offering, which consisted of 2,708,331 Units at a price of $0.36 per Unit, for aggregate gross proceeds of $975,000, closed on Thursday, July 10, 2025. Each Unit consists of one common share of the Company (each, a ' Share ') and one share purchase warrant of the Company (each, a ' Warrant '). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.44 for a period of thirty-six months from the date of issuance. The net proceeds from the Offering will be used primarily for working capital and general corporate purposes. Finders' fees and referral fees, consisting of a cash fee of $20,088.00 and the issuance of 70,611 Units were paid to certain persons in respect of the Offering. Insiders and employees of the Company subscribed for an aggregate of 258,905 Units and 1,255,556 Units, respectively, for gross proceeds of $93,205.80 and $452,000 under the Offering. Participation by insiders of the Company in the Offering constitutes a 'related-party transaction' as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (' MI 61-101 '). The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101, in each case because the fair market value of the Units is less than 25% of the Company's market capitalization. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or 'U.S. Persons', as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION 'John Celenza' John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" within the meaning of applicable securities laws, which may include, but is not limited to, the intended use of the net proceeds of the Offering and the Company's business plans and objectives. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
Business Wire
10-07-2025
- Business
- Business Wire
Cizzle Brands Announces Closing of First Tranche of Non-Brokered Private Placement
TORONTO--(BUSINESS WIRE)-- Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement (the ' Offering '). The first tranche of the Offering consisted of 2,708,331 units of the Company (the " Units") at a price of $0.36 per Unit, for aggregate gross proceeds of $975,000. The Company expects to close a second tranche of the Offering on or about July 14th, 2025. Each Unit consists of one common share of the Company (each, a " Share") and one share purchase warrant of the Company (each, a " Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.44 for a period of thirty-six months from the date of issuance. The net proceeds from the Offering will be used primarily for working capital and general corporate purposes. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or 'U.S. Persons', as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION 'John Celenza' John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" within the meaning of applicable securities laws, which may include, but is not limited to, the successful closing of the Offering in one or more tranches, the anticipated gross proceeds of the Offering, the receipt of all applicable required approvals in respect of the Offering, including but not limited to the approval of Cboe Canada, the intended use of the net proceeds of the Offering, the Company's ability to complete the Offering on the proposed terms or at all, and the Company's business plans and objectives. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
Business Wire
08-05-2025
- Business
- Business Wire
Cizzle Brands Announces Launch of CWENCH Hydration™ at Golf Town
TORONTO--(BUSINESS WIRE)-- Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the 'Company' or 'Cizzle Brands'), is pleased to announce that Golf Town, known as Canada's golf superstore, is now carrying three of the original flavours of CWENCH Hydration™ (Blue Raspberry, Rainbow Swirl, and Berry Crush) in the hydration mix format at all 47 of its retail store locations, as well as on its website. Golf Town is the latest Canadian specialty sporting goods retailer to begin carrying CWENCH Hydration™, joining Sport Chek, Source for Sports, and Pro Hockey Life as part of the Company's strategic rollout of CWENCH in the brand's first year on the market in North America. Golf Town is part of the Sporting Life group of companies, a proudly Canadian owned and operated organization which is also the parent entity of Team Town Sports. Golf Town was founded in 1999, and has become one of Canada's leading golf retailers. Cizzle Brands will be providing sales support for Golf Town store personnel to help golfers of all ages and at all levels to elevate their hydration game. The placement of CWENCH Hydration™ with Golf Town adds to the brand's presence in Canadian golf, a footprint that Cizzle Brands has been actively building out through grassroots initiatives that include becoming the Official Hydration Drink of the Maple Leaf Junior Golf Tour (where every junior golfer participating in the 90 events nationwide will be provided with CWENCH) and the title sponsor of the MJT CWENCH Classic in August, as well as becoming the Official Hydration Drink of the Durham Junior Golf Tour. The Company is also pleased to announce that CWENCH Hydration™ will be available at prestigious golf courses and country clubs across Canada, including the Toronto Golf Club, Piper's Heath Golf Club, Hamilton Golf and Country Club, and Magna Golf Club. Cizzle Brands' Founder, Chairman, and Chief Executive Officer John Celenza commented, 'The CWENCH Hydration™ brand has been on the market for less than a year, and we have already built up an impressive footprint in the professional, collegiate, amateur, and youth levels of several sports… including hockey, basketball, volleyball, and golf. Being a game that's typically played outdoors in the sun, golfers know how important it is to stay hydrated as a key factor in both their enjoyment and overall performance. We're excited about building the CWENCH brand in the world of golf. Between launching the product in one of Canada's leading golf retailers, sponsoring two very well-known junior golf tours, and making the product available at prestigious courses and country clubs, we've taken a big step forward in doing so.' About Cizzle Brands Corporation Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration™, a better-for-you sports drink that is now carried in over 3,000 locations in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle. For more information about Cizzle Brands, please visit: For more information about CWENCH Hydration™, please visit: On behalf of the Board of Directors of the Company, CIZZLE BRANDS CORPORATION 'John Celenza' John Celenza, Founder, Chairman, and Chief Executive Officer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change.
