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BluMetric Files Final Base Shelf Prospectus
Newsfile· 2025-11-19 22:00
Core Viewpoint - BluMetric Environmental Inc. has received approval for its final short form base shelf prospectus, allowing it to raise up to $50 million in securities over a 25-month period [1][2]. Group 1: Prospectus Details - The final base shelf prospectus enables the company to distribute up to $50 million of common shares, securities, warrants, subscription receipts, units, or a combination thereof [2]. - Specific terms for any offerings under the base shelf prospectus will be detailed in a prospectus supplement, which will be filed with Canadian securities regulatory authorities [2][3]. - The shelf prospectus will facilitate access to new capital or securities issuance for strategic acquisitions as needed, with the timing and amount based on financial requirements and market conditions [3]. Group 2: Company Overview - BluMetric Environmental Inc. is a publicly traded firm specializing in water technology and environmental engineering, with over 230 employees across 11 offices and 3 manufacturing facilities [6]. - The company has a history of over 50 years and serves various sectors including Commercial and Industrial, Government, Military, and Mining clients [6]. Group 3: Board Compensation - The company has granted options for 30,000 common shares to a Board Member, effective October 29, 2025, with a vesting period of two years and an exercise price of $1.46 per share for seven years [5].