![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, March 26, 2009 8:21:39 PM
Form 8-K for MANTRA VENTURE GROUP LTD.
26-Mar-2009
Entry into a Material Definitive Agreement, Financial Statements and Ex
Item 1.01 Entry into Material Definitive Agreement
On March 18, 2009 Mantra Energy Alternatives Ltd. ("Mantra Energy"), the wholly owned subsidiary of Mantra Venture Group Ltd., entered into an agreement with Kemetco Research Inc. ("Kemetco") for the continuation of testing and development of the its electro-reduction of carbon dioxide technology. This agreement replaces an earlier agreement with Kemetco entered into on January 29, 2009 for the provision of substantially similar services. The new agreement is meant to optimize Mantra Energy's ability to secure potential government grants for the research and development of its electro-reduction of carbon dioxide technology.
The material terms of this new agreement are as follows:
� Mantra Energy will pay approximately $16,500 ($20,368 CAD) per month for services performed by Kemetco.
� The estimated cost of required materials and other expenses to be borne by Mantra Energy is approximately $28,300 ($35,000 CAD)
� The estimated length of the project is 5 months. After 5 months, the Agreement may be extended at the option of Mantra Energy.
� Kemetco will begin the work on April 1, 2009.
� A final, written report summarizing all research findings, will be issued at the end of the agreement. Kemetco will maintain documented records of all the work performed, which will become the property of Mantra Energy.
Item 9.01 Financial Statements and Exhibits
Exhibit 10.1 Contractor Proposal Agreement entered into with Kemetco Research Inc. on March 18, 2009.
Recent HWNI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:15:45 PM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM