Hillcrest Petroleum Ltd (CVE:HRH) (OTCMKTS:HLRTF) (FRA:7HI), which is actively working to complement its current oil and gas assets with clean energy opportunities, revealed on Monday that it had received a confirmation from the Canadian Securities Exchange (CSE), that its shares would start trading on the CSE under the ticker symbol “HEAT,” when the market opens on March 31, 2021.
Accordingly, the company has requested that its shares be voluntarily delisted from the TSX Venture Exchange, which is likely to happen when the market closes on March 30.
Significantly, Hillcrest Petroleum said it will take on a new name – Hillcrest Energy Technologies Ltd – effective once the company transitions to the CSE.
READ: Hillcrest Petroleum CEO Don Currie sees "limitless potential" in clean energy technologies
Clearly, Hillcrest’s new name embraces the company’s larger ambition to lead the transformation of the energy sector. In addition to the production of oil from the company’s flagship West Hazel asset, Hillcrest is adding clean energy technologies that help unlock efficiencies and maximize the performance of electric systems and machines.
The energy company is aiming to transition to a clean technology company through funding from its oil production revenues, targeting opportunities to develop proprietary intellectual property.
“From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power the future,” said the company in a statement.
Hillcrest recently formed a joint venture with Extreme Vehicle Battery Technologies Corp (CSE:ACDC) (OTCMKTS:CRYBF) (FRA:EVBT) to target the electrical vehicle (EV) and battery-management markets and ink technology transfer term sheet with ANIGO Technologies.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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