February 22, 2021, Zero Nox, Inc. (“Zero Nox”) an affiliated (approximately 10%) ownership portfolio company of Armada Mercantile Ltd., (CSE: ARM) and (OTC US: AAMTF) (“Armada”) is seeking to enter the US public markets by way of a NASDAQ listing or merger with a Special Purpose Vehicle or “SPAC”. Management of Armada is working with Zero Nox to facilitate the going public process.
Zero Nox is headquartered in Porterville, California. They design, engineer, develop, sell and provide after-market support for Off-Highway Electric Vehicle (“OHEV”) Powertrain Systems and Microgrids*. The Technology is currently being used in forklifts, hospitality carts, utility vehicles, and battery systems. ZeroNox plans to be a leader in OHEV Powertrains and Microgrids, due to its proprietary electric Powertrain Systems, which include ZeroNox lithium batteries, battery management systems, electric Genmotors, Thermal Energy Conversion Systems, and in-house telematics. The Zero Nox line of utility vehicles includes the Tuatara expedition vehicle (Tuatara) and the EC4 (EC4) electric utility vehicle.
Zero Nox is currently raising, prior to a public offering, a third round of funding in the amount of US$3,000,000 through a Reg. D 506 offering. Parties interested in reviewing the Zero Nox private placement memorandum can request a copy at firstname.lastname@example.org
For more information about Zero Nox, Inc. visit: www.zeronox.com.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release. The risks and uncertainties discussed in documents filed by the Company with the British Columbia, Alberta and Ontario Securities Commissions.
ARMADA MERCANTILE LTD.
9575 Pinehurst Drive
Roseville, CA 95747
TRADE SYMBOL: ARM-Canadian Securities Exchange
TRADE SYMBOL: AAMTF-OTC Markets United States