as per their website ......... as shares continue to be accumulated this week
EARTHFIRST ENTERS INTO AGREEMENT TO SELL ALL THE SHARES OF EARTHFIRST NUTTBY INC.
EarthFirstCanada Inc. (EarthFirst) (TSX:EF, EF.WT) announced today that it hasentered into a binding agreement with Nova Scotia Power Incorporated tosell all of the shares (the "Sale") of its wholly owned-subsidiary,EarthFirst Nuttby Inc. ("Nuttby"). As a result of this transaction,EarthFirst will receive funds of $800,000, less working capital andother adjustments.
The completion of the Sale is subject to, among other customaryclosing conditions, approval by the Court of Queen's Bench of Albertapursuant to EarthFirst's current proceedings under the CompaniesCreditors' Arrangement Act. Application for the approval of the sale isexpected to 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.
https://www.earthfirstcanada.com/news/20090421/earthfirst-enters-agreement-sell-all-shares-earthfirst-nuttby
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