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Share Name | Share Symbol | Market | Type |
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Canoe Mining Ventures Corp | TSXV:CLV.P | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Xylitol Canada's goal is to become a North American-based, low cost, high quality manufacturer of food and pharmaceutical-grade xylitol from readily available environmentally-sustainable biomass. Xylitol is an all natural sweetener, which contains 40% less calories than sugar. Xylitol is found in many consumer retail products, including gums, toothpaste and mints.
Since early 2008, Xylitol Canada has conducted a research and development program pursuant to a joint venture agreement with SunOpta BioProcess Inc., a subsidiary of SunOpta Inc. (TSX: SOY)(NASDAQ: STKL), focusing on the design, construction and optimization of biomass conversion equipment, processes and facilities for the cost effective production of high end xylitol from xylose enriched raw materials. Xylitol Canada's immediate objective is to construct a pilot plant capable of producing up to 250 metric tons of xylitol per year in order to validate this process on a commercial scale.
Closing and final acceptance of the QT is subject to the satisfaction of certain conditions, including fulfilling of all remaining filing requirements under the Exchange's policies and the completion of the concurrent private placement for minimum gross proceeds of $4.4 million (the "Offering"). The use of proceeds from the Offering will be used to fund pilot plant expenditures to test the validity of commercial scale production of xylitol using the process developed under the Joint Venture. A Filing Statement concerning the QT is available at www.sedar.com under Chudleigh's profile.
Closing of the QT is scheduled to occur on or about April 12, 2010.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Chudleigh Ventures Inc. Emlyn David President and CEO (416) 840-5002 ejdavid@cangaplending.com Xylitol Canada Andrew Reid President and CEO (416) 567-2331 areid2@rogers.com
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