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TORONTO, ON, December 01, 2020 /24-7PressRelease/ -- ONEnergy is a TSX Venture Exchange listed company. It was founded in 1999 as Look Communications and operated in the telecommunications industry from 1999 to 2009. From 2013 to 2019, the Company operated in the energy management space as ONEnergy. The Company divested its assets in 2018 and 2019 and is now seeking new business opportunities.
The Company is currently pursuing a new business strategy following its exit from the energy management space in 2019. The optimum business strategy is to acquire a business that can take advantage of the Company's public listing and its tax losses of $165 million. The Company is currently actively acting on three such asset acquisitions.
The OCMX™ is pleased to announce the listing of ONEnergy to its online portal which offers Investors and Advisors the ability to learn more about this exciting opportunity.
The OCMX™ has spent considerable time completing its due diligence on ONEnergy and concluded that there is indeed a tremendous potential for this opportunity.
The OCMX™ noted that ONEnergy exhibits the main components of any solid opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
The Company is seeking interim funding to support the transaction and operating costs until an acquisition is completed.
This interim funding would then be incorporated into the final capital raise for an acquisition – through repayment or conversion into equity.
Stephen J.J. Letwin, Chairman
Mr. Letwin is President & CEO of Mancal Corporation, a privately-held Canadian corporation in the mining, oil & gas, real estate and railway sectors. Prior to Mancal, Mr. Letwin was President and CEO of IAMGOLD Corporation – a senior Canadian gold producer. Specializing in corporate finance, operational management and mergers and acquisitions, Mr. Letwin brings over 30 years' experience from the highly competitive resource sector.
Dr. Ivan Bos DVM, CEO
Dr. Bos is leading ONEnergy's activities in seeking business opportunities. Recently Dr Bos has sold his veterinary practices and is now focused on delivering a successful business strategy to ONEnergy.
Ray de Ocampo, Chief Financial Officer
Mr. de Ocampo is a Chartered Professional Accountant (Chartered Accountant) and brings over 25 years of financial and operational management experience. Prior to joining ONEnergy, Mr. de Ocampo was part of the founding management team that launched Wind Mobile (now Freedom Mobile), Canada's fourth largest mobile telecommunications provider.
Ryan Bignucolo, Business Development
Mr. Bignucolo joins our team with expertise and specialization in attracting investors and building strategic business alliances. Mr. Bignucolo has been a Business Development Consultant to ONEnergy since 2014 and to IAMGOLD since 2011.
ABOUT THE OCMX™
The OCMX™ is changing how companies generate exposure in the financial marketplace and raise funds as we know it. The OCMX™ serves both public and private companies in need of market exposure during financial raises. It does this by way of connecting the relevant companies with financial institutions all in one online transparent portal. The OCMX™ (P2P Financial Inc.) launched in September of 2009 out of Toronto but has since expanded its operations to include Quebec, Alberta, Manitoba, and British Columbia.
The OCMX™ connects investors and advisors directly with companies seeking to raise funds or gain broad market exposure. The OCMX™ provides an open venue for innovative growth companies and leading investment funds to
generate market awareness, raise funds, or connect with investors and advisors. The OCMX™ provides companies, funds, investors, and advisors instant access to its Online Portal so that they can actively source and connect with their next opportunity, advisor, investor, client, or financing partner.
TD Canada Trust Tower
161 Bay Street, 45th Floor
Toronto, Ontario, M5J 2S1
Email: [email protected]
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