Corvus Energy completes equity financing with Chinese Investor

Capital Raising
Transaction Details

Fort Capital Partners is pleased to announce the closing of a strategic investment by Canada Zhoufa Agricultural Holdings Ltd. (“ZAH”) in Corvus Energy Limited . The size of the common share investment is not publicly disclosed, but represents a minority interest in Corvus.

Corvus technology powers commercial hybrid and electric vessels around the world. Vessels and equipment hybridized or fully electrified with the Corvus ESS consume less fuel, operate more efficiently and effectively, and emit substantially less greenhouse gases. Corvus is pioneering battery solutions in the maritime sector, demonstrating technology, safety and customer service leadership along with a demonstrated record of success.

Proceeds of the offering will permit Corvus to both continue development of its intellectual property and build upon its sales efforts. Corvus products are supported by the largest integrators of hybrid and fully electrified battery systems in the world, including ABB, Siemens and Wartsila.

Corvus Energy Ltd. provides high-power energy storage in the form of modular lithium Ion battery systems. Based in Richmond, B.C., its purpose built, field proven battery systems provide sustained power to hybrid and fully electric heavy industrial equipment including large marine propulsion drives.

Fort Capital Inc. is an investment bank that works with public and private companies in Canada. The firm draws from collective capital markets experience to provide its clients with proven, accessible and independent investment banking advice and transaction execution. For more information, visit fortcapital.ca.

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