Market Newsdesk

GLYFADA, Greece, Dec. 10, 2020 (GLOBE NEWSWIRE) — Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS) announced that on December 9, 2020 it closed the previously announced registered direct offering of 1,256,765 common shares, 155,000 pre-funded warrants in lieu of common shares and warrants to purchase 1,270,587 common shares. The gross proceeds to the Company from the registered direct offering were approximately $12.0 million before deducting the placement agent’s fees and other estimated offering expenses. Maxim Group LLC served as exclusive placement agent for the offering.

The securities described above were sold pursuant to a shelf registration statement on Form F-3 (File No. 333-240265), previously filed with the Securities and Exchange Commission (the “SEC”) on July 31, 2020 and declared effective on August 12, 2020. The offering was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities described above were filed with the SEC on December 9, 2020. Copies of the prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained at the SEC’s website at www.sec.gov or by contacting Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at 212-895-3745.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Globus Maritime Limited

Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of six dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’ subsidiaries own and operate six vessels with a total carrying capacity of 381,738 Dwt and a weighted average age of 11.1 years as of December 7, 2020.

Safe Harbor Statement

This communication contains “forward-looking statements” as defined under U.S. federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons specifically as described in the Company’s filings with the Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Globus undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this communication or to reflect the occurrence of unanticipated events. You should, however, review the factors and risks Globus describes in the reports it will file from time to time with the Securities and Exchange Commission after the date of this communication.

MONTREAL, Dec. 10, 2020 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) is pleased to announce the launch of its new inland distribution terminal in New Richmond, WI. The new multipurpose facility will include an automotive compound for finished vehicles, and an intermodal terminal to serve intermodal shippers and receivers in the metropolitan area of Minneapolis and Saint Paul, MN.

Opening March 1^st 2021, the New Richmond, WI, terminal will provide direct CN Intermodal service to the Twin Cities market. This new service will enable customers to better serve the large consumer market of Minneapolis and Saint Paul and provides them with an alternative shipping option to this growing marketplace. The New Richmond terminal will link shippers to CN’s far-reaching three-coast network and serve a range of import and export industries including automotive and finished consumer goods, grain, soybean, as well as forest products.

“CN’s development of the New Richmond facility will provide vital access to containers for agricultural exporters to meet customer demand in Europe and Asia. Competitive container shipping is vital for American agriculture to serve the growing global consumer market for high value, specialized grain, soy, and food ingredients. Intermodal rail service also offers the additional environmental and transportation cost reduction benefit of helping reduce long distance highway truck traffic that now is extensively hauling inbound international container freight from Chicago to the Twin Cities. We are hopeful this new facility will further solidify the Twin Cities & western Wisconsin as a major regional transportation logistics hub.”
– Bruce Abbe, Strategic Advisor for Trade & Transportation, Specialty Soya & Grains Alliance

“CN’s new intermodal terminal in New Richmond will be a very important asset for our state’s exporters, particularly farmers, hardwoods producers, and manufacturers based in northern and western Wisconsin. Our Freight Advisory Committee identified intermodal transportation as their top priority and I want to thank everyone who worked together toward this goal.”
– Craig Thompson, Wisconsin Department of Transportation Secretary-designee

“We are proud to open a new store front to serve Minneapolis and Saint Paul to support our customers by offering more capacity and further reach. The New Richmond terminal is strategically located at the center of the CN network, allowing direct access to our reliable, three coast rail network for importing vehicles and consumer products from around the globe. Customers now have another direct link to their mid-west markets as well as a new and efficient option for shipping export commodities to global markets.”
– Keith Reardon, Senior Vice-President, Consumer Product Supply Chain at CN

“Western Wisconsin welcomes this significant local investment that provides a global reach for our members and communities. Our critical location, tied into major consumer markets via key infrastructure like CN’s rail network, is essential to growing our economy and leading us into a post-COVID recovery.”
– Steve Jahn, Executive Director, Momentum West

CN’s Presence in
Wisconsin:

• Capital investments: approximately $970 million in the last five years; $100 million in 2020
• Employees: approximately 1,413
• Railroad route miles operated: 1,428
• Community partnerships: $165,000 in 2019
• Local spending: $240 million in 2019
• Cash taxes paid: $21 million in 2019

About CN

CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the Southern tip of the U.S. through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.

Contacts:

NEW YORK, NY, Dec. 10, 2020 (GLOBE NEWSWIRE) — HL Acquisitions Corp. (Nasdaq: HCCH) (“HL”), a special purpose acquisition company, and Fusion Fuel Green PLC (“Fusion Fuel”), an emerging leader in the production of green hydrogen, jointly announced today that they have closed their previously announced business combination (the “Business Combination”). The Business Combination was approved at the annual general meeting of HL’s stockholders held on Friday, December 4.

Beginning on Thursday, December 10, 2020, the Class A ordinary shares and warrants of Fusion Fuel Green PLC, the post-combination company, are expected to begin trading on the Nasdaq Global Market under the ticker symbols “HTOO” and “HTOOW,” respectively. HL’s units, ordinary shares, warrants and rights ceased trading on the Nasdaq Capital Market on December 9, 2020.

Fusion Fuel has spent the last several years developing a process and technology to produce emissions-free green hydrogen using concentrated photovoltaic (“CPV”) technology. Through its proprietary microelectrolyzer technology, Fusion Fuel is able to capture and utilize the thermal energy generated by CPV solar modules to enhance the efficiency of the electrolysis process and produce green hydrogen at costs meaningfully cheaper than today’s conventional electrolyzers.

“This marks a significant step in the evolution of our company,” commented João Teixeira Wahnon, Head of Business Development at Fusion Fuel. “This transaction will allow Fusion Fuel to expand our production capacity, begin our international expansion, as well as fund the development of our scale demonstrator project, GreenGas Evora, which will be the first green hydrogen project in Portugal. Fusion Fuel has already received a Production License for Evora from the Portuguese Department of Energy and we expect to commence construction before year end. This project is part of the Portuguese National Strategy for Hydrogen and was recently announced by the Secretary of State for Energy at a conference organized by ECO/Advocatus.” 

Frederico Figueira de Chaves, Chief Financial Officer of Fusion Fuel, remarked: “The Business Combination along with our recently announced strategic joint venture with EREE Desarrollos Empresariales SL positions us to capitalize on the many emerging opportunities in Spain, as we seek to build a broad footprint in the green hydrogen industry. We are already in advanced stages of negotiation with several large consumers of hydrogen in Spain and hope to establish our presence there in the very near future.”

Jeffrey Schwarz, Chief Executive Officer of HL, added, “We are incredibly excited to complete the Business Combination with Fusion Fuel and to provide the company with significant capital and strategic support that will enable to it accelerate the implementation of its business plan. The hydrogen market really started to pick up steam in the second half of 2020, and we feel Fusion Fuel is now well-positioned to become a leading supplier of both green hydrogen and electrolyzer technology to consumers of hydrogen all over the world.”

The transaction will result in net proceeds of approximately $70 million to Fusion Fuel, including through a $25 million fully committed PIPE.

Graubard Miller served as legal advisor and EarlyBird Capital served as financial advisor to HL. Fearnley Securities served as placement agent on the PIPE offering. Feinberg Hanson LLP, Arthur Cox, and Lisbonlaw Avogados served as legal advisors to Fusion Fuel.

Forward-looking Statements



Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside HL’s or Fusion Fuel’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statement, including, among other things,  the ability to maintain the listing of Fusion Fuel’s securities on Nasdaq or another national securities exchange following the business combination, changes adversely affecting the businesses in which Fusion Fuel is engaged, management of growth, general economic conditions, including changes in the credit, debit, securities, financial or capital markets, the impact of COVID-19 or other adverse public health developments on Fusion Fuel’s business and operations, and the other risks and uncertainties set forth in the definitive proxy statement/prospectus filed by each of HL and Fusion Fuel on November 10, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Use of Social Media as a Source of Material News







Fusion Fuel intends to post a copy of the press release on its LinkedIn profile and/or its website (www.fusion-fuel.eu) and other social media outlets. Fusion Fuel uses, and will continue to use, its LinkedIn profile, website, press releases, and various social media channels, as additional means of disclosing information to investors, the media, and others interested in Fusion Fuel. It is possible that certain information that Fusion Fuel posts on social media or its website, or disseminates in press releases, could be deemed to be material information, and Fusion Fuel encourages investors, the media and others interested in Fusion Fuel to review the business and financial information that Fusion Fuel posts on its social media channels, website, and disseminates in press releases, as such information could be deemed to be material information.

HL Acquisitions Corp. Company Contact:                                                                   
Benjamin Schwarz                                                                          
Vice President of Business Development                                                 
(212) 486-8100
[email protected]

Fusion Fuel Green PLC Investor Relations Contact:

Gateway Investor Relations
Cody Slach and Georg Venturatos
(949) 574-3860
[email protected]

Fusion Fuel Green PLC Company Contact:
Frederico Figuera de Chaves
Chief Financial Officer
+351 215 818 802
[email protected]