NU E Power Corp. Closes Strategic Acquisition of Blu Dot Systems Inc.

Executive Summary

• Nu E Power Corp. completed the acquisition of 100% of Blu Dot Systems Inc., issuing 29,500,000 Nu E common shares to Blu Dot shareholders on a one‑for‑one basis.
• The transaction is a related‑party deal under MI 61‑101; it received exemption from minority‑shareholder approval and valuation requirements because the consideration did not exceed 25% of Nu E’s market capitalization.
• The acquisition remains subject to final approval by the Canadian Securities Exchange (CSE) and includes a four‑month resale restriction on the issued shares.

Key Details

• Consideration: One Nu E common share for each Blu Dot common share; total issuance of 29,500,000 Nu E shares.
• Shareholder Impact: Director/officer involved in both companies owned 3,869,140 Blu Dot shares and received an equal number of Nu E shares.
• Resale Restriction: Issued Nu E shares are subject to a four‑month lock‑up per CSE securities law requirements.
• Regulatory Status: Transaction pending final CSE approval; exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds (consideration ≤25% of market cap).
• No Finder’s Fee: The closing did not involve any finder’s fee payment.
• Related Party Disclosure: Classified as a “related party transaction” under Multilateral Instrument 61‑101; exemption granted because Nu E shares are not listed on a specified market.
• Forward‑Looking Statements: Company highlighted expectations that the acquisition will support its goal of developing up to 2 GW of renewable energy projects in Canada by 2030, subject to CSE acceptance and other risks disclosed in the release.

Notable Quotes

(No direct quotes were provided in the press release.)