Pacific Cascade Minerals Inc. enters into $1.5 million financing agreement,
submits JV documents and "Change of Business" to TSX-V, sets date of AGM/EGM
TSX-V: PCV
Background
The Biofuel Partnership (BFP) was formally established in early 2007 and has invested over
The Biofuel joint venture has been created to take the final step towards commercialization of the BioCube(TM) technology: customer verification trials.
The Joint Venture
Biofuel Partnership International (BFPI) is an Australian company that will be owned 50% by PCV and 50% by BFP. BFPI intends to develop the business of commercializing a portable biofuel processor, the BioCube(TM), that provides low cost, reliable, and environmentally sustainable biodiesel. The partnership is a marriage of capital and financial know-how with technological and category experience that will accelerate the testing, distribution and sales of the BioCube(TM) and lucrative consumables to a large market of ready customers. BFPI has the rights to market the intellectual properties owned by BFP worldwide (excluding Oceania), in perpetuity, under an Exclusive Worldwide License Agreement with BFP.
The vision is for the BioCube(TM) to become the leading community sized biodiesel processor in the world in both sales and brand positioning. Through the BioCube(TM), BFPI intends to provide sustainable wealth creation to empower community and commercial enterprises alike, promote sustainable energy generation, and become a highly profitable enterprise.
Management
Management of the Biofuel Partnership International joint venture is comprised of six individuals, three from PCV and three from The Biofuel Partnership Limited. All are experienced business people with complementary skill sets from diverse business backgrounds. The PCV members of the Management Committee will be
The Offering
Further, PCV has signed an Engagement Letter with
Proceeds of the Offering
PCV intends to raise a total of
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.
We seek Safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Harold Forzley"
Harold Forzley President & CEO Pacific Cascade Minerals Inc.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are caused that such forward-looking statements involve risks and uncertainties.
For further information: Stephen Millen, (604) 685-5851 or Toll Free: (888) 685-5851, Fax: (604) 685-7349, Website: www.pacificcascade.ca, Email: [email protected]
Share this article