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Message: Reclassification from Mining to Technology ?

Hi Bernard,


In the last News Release (Sept 29), in the last paragraph before the "abouts", you state (copied below) that HPQ will start the process to undergo a change in classification that requires TSX and shareholder approval.

Some questions if I may:

Is this reclassification the primary reason for this MOU?

Was this MOU structured purposefully so that it would trigger such a change or could the MOU have been structured in a different way so as to "not" trigger a reclassification?

The most important objective here must be to get HPQ "in the Tech game" with respect to being able to apply for government grants that are only available to "tech" companies and not "mining" companies.  That you needed a "tech vehicle" to get from Montreal's Mining district to the Technology district and EBH2 came driving by at 3am... offering HPQ a lift.  Regardless of whether or not the EBH2 technology "pans out" (I truly do hope it will generate more gas that what it has so far), it does seem to me (and not only me) that it may have already served it's primary purpose.


Thanks in advance,
Tim in Vancouver


HPQ TO START PROCESS TO CHANGE IT CLASSIFICATION FROM MINING ISSUER TO TECHNOLOGY ISSUER
Included in the TSX-V approval was HPQ commitment to:
    • Submit, by the latest December 31, 2021, an application to the TSX-V to change HPQ classification from being a mining issuer to an Industrial and Technology Issuer.
    • Seek shareholder approval of the change of classification request by the latest 15 months from June 17, 2021.

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