Saint Jean Carbon no longer acquiring Process Research Ortech

Jul 14, 2020

OAKVILLE, Ontario, July 14, 2020 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) (OTCQB: TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials. With reference to the News Release dated July 9th, 2019, the Company wishes to announce that it is not proceeding with the previously announced acquisition of Process Research Ortech (“Ortech”). As of the date of this announcement, the Company has not received documentation that is both required and customary for a fundamental acquisition of this nature. In addition, the Company believes that the market would not support the proposed transaction during these trying times. The Company and Ortech are committed to continue working together on their ongoing projects. The Company looks forward to providing an update with respect to the ongoing projects in the coming weeks.

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