Carbon2Green Corporation Completes its Qualifying Transaction
October 07 2009 - 8:23AM
Marketwired
Carbon2Green Corporation (TSX VENTURE: CGN) (the "Corporation" or
"Carbon2Green", formerly Laurent Venture Capital Corporation) is
proud to announce that the TSX Venture Exchange (the "Exchange")
has accepted the Qualifying Transaction ("QT") proposed in its
Management Proxy Circular dated August 28, 2009.
Henceforth, the Common Shares of Carbon2Green will be listed on
the Exchange under the ticker symbol "CGN".
Carbon2Green is a carbon project developer dedicated to the
international effort to reduce greenhouse gases. Its main business
activities are under the Clean Development Mechanism (CDM), an
arrangement under the Kyoto Protocol monitored by the United
Nations Framework Convention on Climate Change (UNFCCC).
The CDM allows net global greenhouse gas emissions to be reduced
at a much lower global cost by financing emission reduction
projects in developing countries.
Carbon2Green's development strategy is focusing primarily on the
development and implementation of projects within the scope of the
CDM in order to generate carbon credits (Certified Emission
Reductions or CERs) for which there is a growing demand, mostly to
compliance buyers in Europe.
The first business initiative of Carbon2Green is the
implementation of an electrification project in the Democratic
Republic of Congo using biofuel produced from dedicated jatropha
plantations as replacement for fossil derived diesel which is what
is used to produce 80% of electricity on the African continent. The
Project Design Documents related to this project outline a
potential of generating over 4,4 million carbon credits over a
period of 21 years.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Carbon2Green Corporation Louis Tourillon, President
and Chief Executive Officer 450-786-8990 info@carbon2green.ca
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