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Alias Born 07/14/2020

Re: Ryguy008 post# 3164

Tuesday, 07/21/2020 10:21:10 AM

Tuesday, July 21, 2020 10:21:10 AM

Post# of 5482
On July 14, 2020, the Company entered into a binding purchase agreement with Società Agricola Caletta Energy and Gaetano Tedeschi, Civil Engineer, to acquire a Biomass Plant located and operating in Cecina, Italy for €800.000,00. This Biomass plant has an official 20 year contract with GSE, a governmental financial institution, where GSE has contracted to purchase 100% of the energy that the plant is and will be producing. At the present time the current production is yielding a yearly income of €250.000,00. Additionally, the current property contains over 50 hectares of land and is self-sufficient in combustion products for the plant's operation.