Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a pioneering clean-technology company offering transformative power-conversion technologies and state-of-the-art control system solutions, is announcing the date for the completion of a consolidation of its authorized and issued common shares. According to the announcement, the consolidation will be complete at market opening on June 8, 2023. The company noted that beginning that day, its common shares will start trading on the Canadian Securities Exchange on a post-consolidation basis under the existing ticker HEAT. The consolidation is on the basis of a one post-consolidated common share for each six preconsolidation common shares. “This proposed consolidation and the resulting share structure are key components of our company’s strategic business growth plan to increase our presence and equity trading in the U.S.,” said Hillcrest Energy Technologies CEO Don Currie in the press release.
Hillcrest also announced the appointment of a new strategic advisor to the company. According to the announcement, tech executive Bal Bhullar has accepted the strategic advisor role; her previous experience in scaling an EV manufacturer from early stages through NASDAQ listing, should support and enable Hillcrest’s focus on speed to market. Bhullar has more than two decades of experience in diversified business and investment banking experience, and served in executive and board positions for both public and private companies across an array of industries. “We are delighted to welcome Bal as a strategic advisor,” said Currie. “Her entrepreneurial spirit, outstanding work ethic and vast networks are assets that will undoubtedly have an immediate and substantial impact on our corporate priorities. We anticipate her experience and connections to create immediate value.”
About Hillcrest Energy Technologies Ltd.
Hillcrest Energy Technologies is a clean-technology company developing high-value, high-performance power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future. For more information about the company, please visit www.HillcrestEnergy.tech.
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