EF to raise $800,000.00through the sale of their Nuttby Mountain wind energy project.
The Nubby project is a whollyowned-subsidiary of EarthFirst Nuttby Inc.
Here's the NR when EF acquired the Nubby project in March 2008
https://www.newswire.ca/en/releases/archive/March2008/18/c4954.html
and yesterday's proposed sale of it to Nova Scotia Power Incorporated
https://www.earthfirstcanada.com/news/20090421/earthfirst-enters-agreement-sell-all-shares-earthfirst-nuttby
It looks to me like they are doing all that they can to move out of creditor protection:
"The completion of the Sale is subject to, among other customary closingconditions, approval by the Court of Queen's Bench of Alberta pursuantto EarthFirst's current proceedings under the Companies Creditors'Arrangement Act. Application for the approval of the sale is expectedto be heard on April 24, 2009, and, assuming court approval isobtained, the completion of the Sale is expected to occur on or aboutApril 27, 2009."
Might help explain all the accumulation since March 31st
This could get interesting very quickly .......... good luck to all