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Bullboard - Stock Discussion Forum International Bio Recovery Corporation V.IBR

TSXV:IBR - Post Discussion

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Post by Flexy6 on Aug 18, 2006 1:43pm

IBR Release

International Bio Recovery Corp (C:IBR) Shares Issued 34,867,259 Last Close 8/17/2006 $0.20 Friday August 18 2006 - News Release Mr. Ben Van Dyk reports IBR ANNOUNCES SALE OF PLANT LICENCE IN PALEMBANG, INDONESIA International Bio Recovery Corp. has reached an agreement to grant to PT Intra Bio Fertilizer, Jakarta, a plant licence agreement for the construction and operation of an IBR plant in Palembang, Indonesia. IBF has paid an initial deposit to IBR for the plant licence with the balance of $600,000 to be paid in September and October, 2006. Upon receipt of final payment, IBR will issue a plant licence for an IBR EATAD plant having a digesting capacity of 220 tonnes per day of organic waste at 8-per-cent solid content to be built in Palembang. The plant licence agreement will also provide for the purchase of IBR proprietary equipment and payment by IBF of royalties to IBR for a period of 40 years. © 2006 Canjex Publishing Ltd.
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