InvestorsHub Logo
icon url

InvisibleHands

02/10/11 9:28 AM

#2384 RE: Jackroch #2379

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
icon url

InvisibleHands

02/10/11 9:49 AM

#2391 RE: Jackroch #2379

Wanted to provide proof for my belief.

Belief that the company is experienced and has sufficient knowledge on dealing with the Canadian rules/regulations whether it be about the building of a plant or for providing room for a foreign investor.

Michael Shenher, president and CEO of Canadian Green Fuels, said the privately owned company's skirmishes with various government agencies are over and it's full speed ahead for the fledgling bio-diesel producer.

"I'm not pointing fingers at the regulators,'' said Shenher, who had to shut down operations for about 90 days to make modifications to the plant to meet various federal and provincial standards and codes. "They just erred on the side of caution.''

Shenher said the company has made significant changes to the plant, including building a firewall and containment walls, to meet concerns by SaskPower, Saskatchewan Environment and other agencies.

"Sask. Environment, since our initial problems, (has) been extremely helpful,'' Shenher said, adding that SaskPower has approved the electrical contractor and his work on the plant, which is a former feed mill.



This from a news release back in 2007
http://www.canada.com/reginaleaderpost/news/story.html?id=50f2a7cf-1460-4755-a781-2c9394665551&k=8188