Auscrete Corporation (ASCK)

[manny371]

Goldendale Sentinel Paper For what It's worth, came out on yesterdays paper. They had mentioned they were buying the machines last year I guess they fibbed.




Second, Mayor Mike Canon announced that the city had exercised its reversionary interest in two lots in the city's industrial park in accordance with the statutory warranty deed recorded with Auscrete company on Feb. 28, 2018. That deed said that if Auscrete failed to build a building and employ people within a year, the city could buy back the lots for $90,000, having originally accepted a $100,000 check. Mayor Canon said they were not able to raise additional funds from investors to build the building and buy the equipment to start manufacturing. Instead, he said, Auscrete reports it has rented a small space in the last building left in the former Commonwealth Aluminum site, the old aluminum plant near Goldendale, and will be ordering the manufacturing machinery and setting up shop there.