EV Technology Group files preliminary base prospectus

TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces today that a preliminary Base Prospectus (the “Basic shelf brochure“) with the securities regulators in the provinces of Alberta, Ontario and British Columbia.

The Base Shelf Prospectus (if applicable) qualifies distributions of own funds of up to C$50 million in the form of Company common stock, debt instruments, subscription warrants, warrants and shares (collectively, “securities) or a combination thereof during the 25-month period that the Base Shelf Prospectus remains valid. The specific terms of any future offering of securities will be set forth in a prospectus supplement to the Base Prospectus to be filed with the relevant Canadian securities regulatory authorities in connection with such offering.

EV Technology Group is filing a preliminary base prospectus to raise up to $50 million to implement its growth plans

EV Technology Group is filing a preliminary base prospectus to raise up to $50 million to implement its growth plans

Wouter Witvoet, CEO of EV Technology Group said: “This is an important milestone for our company as we look towards our next phase of growth. Capital markets have responded strongly to our strategy to electrify iconic brands and we look forward to this submission which supports our strategy.”

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of the securities in any jurisdiction where such offer, solicitation or sale is pending registration or qualification under unlawful would be securities laws of such jurisdiction.

The securities have not been registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor may any sale of the securities occur in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

A copy of the Base Shelf Prospectus is available on SEDAR (www.sedar.com).

EV Technology Group
The EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine driving pleasure for the electric age. EV Technology Group is driving the EV revolution by acquiring iconic brands and bringing popular driving experiences into the electric age. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the entire customer experience – through acquiring and partnering with iconic brands with significant growth potential in unique markets and end-to-end control capabilities. To learn more visit: https://evtgroup.com/

media
Rachel D’Amore
[email protected]
+1519-564-9850

Investor Relations
David Gentry
[email protected]
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
[email protected]

Forward-Looking Information

This press release contains forward-looking statements, including but not limited to: the completion of the acquisition of Fablink Group Holdings Ltd., information relating to the amount and terms of an offering of securities under the base prospectus, the effectiveness of the base shelf prospectus, the filing prospectus supplements and the Company’s business and strategic plans. Often, but not always, these forward-looking statements are identified by the use of words such as “estimated”, “potential”, “open”, “future”, “anticipated”, “forecast”, “used”, “detailed”, “actual”. ‘, ‘won’, ‘planned’, ‘reflected’, ‘will’, ‘includes’, ‘remaining’, ‘will be’, or statements that events ‘could’ or ‘should’ occur. or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by the forward-looking statements, including this one factors discussed under “Risk Factors” in the Company’s Filing Statement and Annual Information Form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results to differ materially expected, estimated or intended to deviate.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from those discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based on management’s reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date of this release and the Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NOTICE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c4f1f02-5c1b-4caf-b256-8026726b6c7d

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