RB Energy Inc. (fka RBEIF)

[Sobek]

For inquiring minds, here is a google translation of an article released yesterday....

http://www.tvaabitibi.ca/articles/20150430120014/gouvernement_secours_mine_quebec_lithium.html

The Quebec government could allow the Quebec Lithium mine to avoid the worst either its final closure. Depending on what RNC News has learned, Investissement Québec could finance mining, until she found a partner to exploit Quebec Lithium.

Luc Blanchette we had put a flea in the ear Tuesday on air: good news would be announced in the Québec Lithium file. The mine is in production stop for months, was placed under the law of creditor protection and had recently completed a two-month deadline to find an investor.

But the American Hale Capital, which financed the mine in recent months, was to take possession today and try to repay the $ 13 million invested. The worst was therefore expected: a decommissioning and final closure of the factory.

Except, that Investissement Québec is back in the picture and could take financial control of the mine for the next months, the time to find a partner that will exploit. An avenue the RB Energy CEO, Richard Clark, strongly encourages.

The latter says it's Quebec Lithium debt that prevented to continue its activities as banks would not negotiate. A problem that the government would not have to face.

Investissement Québec would not give many details but confirmed to be looking for solutions. Richard Clark affirms that the Government, which must somehow spend money in other mining projects in connection with the Plan Nord's advantage to take possession of a mine with 90% of the investment is already done. Besides Clark, who is very familiar Quebec Lithium offered assistance to Investissement Québec, though of course, it takes control of the mine.