INVERT WELCOMES NEW MEMBERS TO ITS BOARD OF DIRECTORS
OTTAWA, ON, Nov. 29, 2022 /CNW/ - Invert Inc. ("Invert" or "the Company"), a carbon credit project financer-developer and the future of personalized climate action, is pleased to announce that it has appointed a new, independent board of directors with a range of exceptional expertise as it continues to expand its operations and portfolio.
Joining the Invert Board of Directors are Stacy Kauk, Head of Sustainability at Shopify; Dominique Hussey, Vice Chair of leading Canadian law firm Bennett Jones LLP; and Tim Saunders, experienced public market CFO and independent board member. Mark Zekulin will continue to serve as Chairman of the Board and Andre Fernandez, co-CEO of Invert, will represent management on the five-person Board.
"The progression of the Invert board from founders to independent, highly respected directors is an important step in the Company's journey," said Mark Zekulin, Chairman, Invert. "We couldn't be more honoured or proud to welcome such an exceptional set of new board members as we continue to build Invert into a world leader in the carbon credit space."
The Company recently closed a $25 million CAD financing in August 2022, welcoming new institutional and high net worth investors alongside continued support from lead strategic investor Altius Minerals (TSX: ALS). The equity financing provides the Company with significant capital to expand its carbon credit streaming portfolio as well as continued development of the recently launched Invert Climate Action Platform for individuals to understand, reduce and offset their own carbon footprint.
About Mark Zekulin
About Stacy Kauk
About Dominique Hussey
About Tim Saunders
About Andre Fernandez
Invert invests in and creates carbon credit projects that produce high-quality, meaningful carbon reduction and removal credits that will help on our path to a carbon neutral world. By selling these credits to individuals or businesses, the Company generates revenue that can be reinvested towards further projects that reduce or remove CO2 from the atmosphere. In addition, Invert works directly with businesses to help them understand and reduce their carbon footprint.
Invert is creating a place where individuals can go to learn about what they can do themselves to address the pressing issue of climate change. The Company helps individuals understand their own impact on the world and gives them a chance to support projects that reduce greenhouse gas emissions. The goal is for every individual to become carbon neutral through their own journey of education, engagement, and action. Please visit our website for more information: invert.world.
This news release may contain forward-looking statements. Forward-looking statements contained in this news release include, but are not limited to, the intentions of the Corporation to pursue the Invert Neutral App indefinitely. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Invert to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: volatility in prices of carbon credits and demand for carbon credit; expectations regarding carbon market trends, overall carbon market growth rates and prices for carbon credits; inability to raise the money necessary to execute its business plan and strategies; the Corporation's business plans and strategies, including acquiring carbon credits, streams and interests in carbon credit projects or entities involved in carbon credits or related businesses; the political, social and economic conditions in each jurisdiction in which the Corporation holds an investment; terrorism, insurrection or war; or delays in obtaining governmental approvals. Although Invert has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Invert disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE INVERT INC.
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