Little News!!!And just a beginning from this great company!
Just hope, it won't take too long before getting the one we expect since so long!!!
Carbon Friendly creates Pacific Briquetters
2010-02-04 14:32 ET - News Release
Mr. Michael Young reports
CARBON FRIENDLY ANNOUNCES THE PACIFIC BRIQUETTERS INC. VENTURE
Carbon Friendly Solutions Inc. has, subject to prior TSX Venture Exchange approval to certain provisions thereof, has formed and incorporated Pacific Briquetters Inc., a non-reporting British Columbia company, for the present and proposed purpose of owning, financing, developing, constructing, and operating a proposed briquette and bio energy manufacturing and distribution facility and business, to be operated on certain lands and premises in Mission, B.C., which are owned and operated by an affiliate of 0733403 B.C. Ltd. The affiliate, in consideration thereof, is intended to be a 25-per-cent shareholder with Carbon Friendly holding 75 per cent in PBI, going forward.
TCG is a third generation, family owned group of building product companies with operations in British Columbia, Washington and Oregon.Concurrent with the formation and incorporation of PBI, together with the allocation of its respective shareholdings as between the Company (as to 75%) and TCG (as to 25%), the parties to the Venture have now entered into a reasonably all-encompassing Shareholders' Agreement (the "Shareholders' Agreement") which delineates their respective duties and obligations respecting PBI going forward.