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Saltbae Capital Corp C.CUBE

Alternate Symbol(s):  CECBF

Saltbae Capital Corp., formerly CellCube Energy Storage Systems Inc., is a Canada-based company. The Company's acquisition of the assets of Gildemeister Energy Storage GmbH has transformed the Company and its subsidiary, Enerox GmbH, into an integrated resource and energy storage company. The Company is focused to deliver vertically integrated energy storage solutions to utilities and independent power producers for both, stand-alone energy storage projects, as well as projects where energy storage enhances the value proposition from renewable energy generation.


CSE:CUBE - Post by User

Comment by alex7759on Jan 14, 2021 4:27pm
168 Views
Post# 32299482

RE:so 2 millions cash in hand on 19 jan here ?

RE:so 2 millions cash in hand on 19 jan here ?
"In connection with our last press release dated August 4, 2020, Cellcube has been actively in discussions with our debenture holders with regards to monetizing the assets of the company due to the security they hold over the assets. Cellcube is pleased to announce they have come to terms with the debenture holders. Cellcube has sold their full investments in both the vanadium assets (the Bisoni-McKay project) and its remaining stake in Enerox and the full proceeds of the sale will be distributed to the Debenture holders. The proceeds of the sale of the assets were less than the amounts owing to the debenture holders but the Company was able to negotiate the debenture holders relinquishing any further security and debt outstanding from Cellcube".
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