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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Carbon2Green Corporation | TSXV:CGN | 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 | - |
The total required investment for this project, which has been presented to the Corporation's shareholders over the past year, is valued at CDN$22,000,000. Funding is linked to the production of jatropha oil from the Corporation's current project in the DRC. The Corporation's management will act as lead partner in the public-private partnership for managing daily operations. In addition, following the acceptance of a production program by the DRC, an additional protocol must be signed between the public-private partnership and the DRC, as well as a long term sovereign guaranty to be issued by the DRC to the public-private partnership in order to guaranty the purchase by the DRC of the produced biodiesel at a pre-negotiated price per liter between the parties, including an indexing formula. The sovereign guaranty will be used by the public-private partnership to fund the project.
As the project operator, Carbon2Green will receive twenty-five percent (25 %) of net profits from the production of jatropha oil. Carbon2Green will also retain full ownership of carbon credits to be generated by the project. In the event of a successful funding sought by Achrisia Ameriques Inc., the latter will receive 5% of the total funding.
About Carbon2Green (www.carbon2green.ca)
Carbon2Green Corporation is a carbon project developer dedicated to the international effort to reduce greenhouse gases. Its main business activities are under the Clean Development Mechanism (CDM), an arrangement under the Kyoto Protocol monitored by the United Nations Framework Convention on Climate Change (UNFCCC). The first business initiative of Carbon2Green is the implementation of the plantation of 14,000 ha of jatropha and the production of biofuel from such jatropha plantations as replacement for fossil derived diesel.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Carbon2Green Corporation Pierre-Hubert Seguin Secretary 450-681-7744 info@carbon2green.ca
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Support: +44 (0) 203 8794 460 | support@advfn.com
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