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Re: Jackroch post# 2379

Thursday, 02/10/2011 9:28:48 AM

Thursday, February 10, 2011 9:28:48 AM

Post# of 6560
No extra knowledge; info via 8k filed on January 25th.

Within 20 business days from execution of the MOU, Clean Power will provide to CCG legal documentation regarding compliance with rules and restrictions on foreign ownership’s investment within Canada


CPOW also agrees with help and assisting CGG to carry on necessary business activities which will incur in CANADA including access to governmental business assistance programs and establish relationship with appropriate agriculture commissions.



There is no extensive amounts of paperwork required for this. I would've looked into the work needed but I believe CPOW would have this done by now and if not then they will finish rather quickly with the help of the experienced new CFO.

The JV does require CGG to finance. CPOW and CGG would both take the profits of course but CGG (The Chinese Government) will finance the plant and all proceedings.

GLA

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