Friday, May 13, 2016 8:54:56 AM
market that consumes over 1.3 billion tonnes of coal annually. In the current environment the use of coal for power
generation is considered environmentally damaging and coal plants are being forced, by changes in regulations, to
reduce the quantity of coal used as a fuel. The Company believes this will provide opportunities for growth in Europe,
Asia and North America and long term plans are being developed to grow the Company to five million tonnes per
year by 2022.
The Company has engaged Canaccord Genuity to assist in the raising of $30 million as equity towards the
completion of the Rotterdam plant and construction of plant in Natchitoches. The Vancouver office of Canaccord is
engaged with their London and Boston offices to raise the required funding. We expect to finalize financing by end of
May 2016.
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