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Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining Project (Raven Project).


GREY:CPYCF - Post by User

Post by coalbadon Aug 23, 2013 5:04pm
478 Views
Post# 21694095

ITOCHU WITHDRAWING FROM CJV JOINT VENTURE PARTNERSHIP

ITOCHU WITHDRAWING FROM CJV JOINT VENTURE PARTNERSHIPOn reviewing the Interim Financial Statements from June 30, 2013 which are now posted on the Sedar website. Several interesting points.

OPERATING CAPITAL AS OF JUNE 30, 2013 = $177,000

Also Itochu has given notice they are withdrawing from the CJV. Here's the news in item#8

8. EVENTS AFTER THE REPORTING PERIOD

Subsequent to the reporting period, I-Comox Coal Inc. issued notice to the joint venture partners of CJV that it

would be withdrawing from the joint venture partnership. The Company and LG International Investments

(Canada) Ltd. will continue with the exploration and development of the Bear and Raven Coal Projects located

on Vancouver Island B.C.

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