M&A / Property
Haviland extends Xogen QT outside date to June 30
HEC · Price
Executive Summary
- Haviland Enviro Corp. and Xogen Technologies Inc. have entered into an amending agreement to extend the timeline for their proposed qualifying transaction.
- The deadline to enter into a definitive agreement is now April 30, 2026, and the outside date for the transaction is extended to June 30, 2026.
- Trading in Haviland Enviro Corp. remains halted pending final exchange approval of the transaction.
Key Details
- Amending Agreement: Executed on January 26, 2026, amending the original Letter of Intent dated May 9, 2023.
- Timeline Extensions:
- Definitive Agreement Deadline: Extended to April 30, 2026.
- Outside Date for Transaction: Extended to June 30, 2026.
- Transaction Status: All other material terms of the LOI remain unchanged.
- Closing Conditions: The closing is subject to Xogen completing a private placement for minimum gross proceeds of $500,000.
- Trading Status: Haviland Enviro Corp. shares are currently halted from trading pending final exchange approval.
- Target Company (Xogen Technologies Inc.):
- Private cleantech company incorporated in Alberta (June 3, 2004).
- Develops proprietary advanced electro-oxidation technology for treating ammonia and contaminants in water.
- System generates recapturable offgases (hydrogen, oxygen, nitrogen) as a cost benefit.
- Has demonstrated viability via pilot plants at landfill sites in Canada and the US, and a commercial-scale pilot at the University of Massachusetts.
- Acquirer (Haviland Enviro Corp.):
- Capital Pool Company listed on TSX Venture Exchange (Symbol: HEC.P).
- Has not commenced commercial operations and holds no assets other than cash.
Notable Quotes
- None provided in the text.