Jericho Energy Ventures Pronounces Trading of Common Shares and Variable Voting Shares below Single Trading Image to Begin as of Market Open on TSX Venture Exchange on June 29, 2022

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NEWTOWN – Jericho Energy Ventures Inc. (TSXV: JEV) (OTC PINK: JROOF) (Frankfurt: JLM0) (‘Jericho’ or ‘JEV’ or the ‘Company’) as we speak introduced that its amended share construction, authorized on the annual basic and particular assembly of shareholders held on June 23, 2022, shall be mirrored in buying and selling efficient as of the opening of the market on the TSX Venture Exchange (‘TSXV’) on June 29, 2022.

The modification in share construction was carried out to take care of Jericho’s standing as a overseas non-public issuer and scale back compliance prices. The widespread shares (‘Common Shares’) and variable voting shares (the ‘Variable Voting Shares’, and along with the Common Shares, the ‘Shares’) will commerce below the only and present ticker, ‘JEV’. The Shares buying and selling on the TSXV will bear the CUSIP/ISIN quantity 476339205/CA4763392053 and shall be designated, for functions of buying and selling, below the only designation of ‘Common and Variable Voting Shares’ of Jericho.

At its annual basic and particular assembly of shareholders held on June 23, 2022, the shareholders of Jericho authorized the modification of its articles (the ‘Article Amendments’), as additional described in its administration info round dated May 20, 2022 (the ‘Circular’), as a way to, amongst different issues: create and set the phrases of a brand new class of shares of Jericho, being the Variable Voting Shares, together with constraints on who might maintain Variable Voting Shares, which is proscribed to U.S. residents, and making use of coattail phrases to such shares; amend the phrases of the Common Shares, together with with out limitation, by together with constraints on who might maintain Common Shares, which is proscribed to non-U.S. residents, and making use of coattail phrases to such shares and implement a conversion mechanism whereby Common Shares held by U.S. residents shall be routinely transformed into Variable Voting Shares on a one for one foundation, with none additional act on the a part of the Company or the holder, and vice versa.

About Jericho Energy Ventures

Jericho Energy Ventures (JEV) is an vitality firm positioned for the present vitality transitions; proudly owning, working and growing each conventional hydrocarbon JV property and advancing the low-carbon vitality transition, with lively investments in hydrogen. Our wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler expertise to the roughly $30 Billion Commercial & Industrial warmth and steam trade. We additionally maintain strategic investments and board positions in H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (growing the world’s first, excessive strain, ultra-efficient electrolyzer). Jericho additionally owns and operates long-held producing oil and fuel JV property in Oklahoma which it’s presently growing from money flows in an effort to additional improve manufacturing into the extremely elevated commodity value setting.

Contact:

Adam Rabiner

Tel: 604.343.4534

Email: adam@jerichoenergyventures.com

(C) 2022 Electronic News Publishing, supply ENP Newswire

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