Anaergia Announces Resignation of Director Expected in Pending Transaction

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from Business Wire

Published on May 6, 2024 • 1 minute read

BURLINGTON, Ontario – Anaergia Inc. (“anaergy” or the “Pursue) (TSX: ANRG) today announced the acceptance of the resignation of Mr. Frank McKenna from the Company’s Board of Directors, effective May 5, 2024. Previously, Mr. McKenna agreed to step down concurrently with the closing of the company’s final tranche, announcing a C$40.8 million equity investment (“Strategic investment“) from Marny Investissement SA (“Miserable“) (which is still pending) to create a vacancy for the appointment of a Marny candidate. Given the unexpected and prolonged delay in this completion, Mr. McKenna must meet other prior commitments. Mr. McKenna remains a committed supporter of Anaergia’s business. Anaergia sincerely thanks Mr. McKenna for his service and contributions to the company.

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For additional information, please see the Company’s press releases dated December 18, 2024, January 2, 2024, January 19, 2024, January 25, 2024, February 2, 2024, March 13, 2024, March 28, 2024 and April 1, 2024 Information about strategic investments.

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About anaergy

Anaergia was created to eliminate a major source of greenhouse gases (“Greenhouse gases“) by cost-effectively converting organic waste into renewable natural gas (“RNG“), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges through a broad portfolio of proven technologies and multiple project delivery methodologies. Anaergia is one of the few companies in the world with a proprietary portfolio of end-to-end solutions that integrate solid waste processing and wastewater treatment with organic matter recovery, high-efficiency anaerobic digestion, RNG production and fertilizer and water recovery from organic residues . The combination of these technologies improves the production of carbon-negative biogas, clean water and natural fertilizer, utilizes a minimized footprint and reduces waste and wastewater treatment costs and greenhouse gas emissions.

Further information can be found at: www.anaergia.com