Carbon Friendly Solutions Inc. (CNSX:CFQ) ("CFS" or the "Company") has recently
reached an agreement with Orica Limited ("ORI" or the "Recipient") defining the
terms and obligations for the settlement of ORI's outstanding debt in MicroCoal
Inc. ("MCI") and the transfer of its remaining 41.79% stake in MCI to the
Company (the "Debt").


Pursuant to the Share Purchase Agreement signed by CFS and ORI on October 15th,
2010 sanctioning CFS's acquisition of the majority share capital in MCI
(58.21%), and the amendment to the agreement signed on January 10th, 2011,
allowing CFS to acquire ORI's remaining debt and security interest in MCI for
USD$1,000,000, giving the Company full ownership of MCI; the Voluntary Emission
Reduction Transfer Agreement (the "Agreement") was drafted to outline the terms,
obligations and execution schedule of the Secured Convertible Promissory Note.


The Voluntary Emission Reduction Transfer Agreement consigns to CFS providing
ORI with (i) a down payment of USD$125,000, (ii) the transfer of 200,000 VERs
from CFS's Offset Inventory, and (iii) a final payment for any shortfall from
the remaining debt.


The VERs represented in the Agreement will consist of ISO 14064-2 Validated
Voluntary Emission Reductions generated from the Northern Poland Afforestation
Offset Project ("NPAOP") as a security on the payment of the Debt. CFS will
transfer all legal and equitable title of the VERs to ORI through an accredited
registry account permitting ORI to engage in selling the VERs to other entities
or retiring the VERs as a signal to reducing its own global carbon footprint.


Upon settlement of the Voluntary Emission Reduction Transfer Agreement, ORI will
have no remaining debt in MCI, priority interest in any of MCI's assets, or
ownership shares MCI. CFS will hold a full ownership stake (100% shareholding)
of MCI.


CEO and Director of Carbon Friendly Solutions Inc., Slawomir Smulewicz, states:

"We are content with the results from ongoing negotiations with Orica, and look
forward to future developments with MicroCoal as a fully-owned subsidiary of
Carbon Friendly."


About Carbon Friendly Solutions Inc.

Carbon Friendly Solutions Inc., through its subsidiaries: MicroCoal, CO2
Reduction Poland and CarbioPel, is focused on the development of clean energy
technology, renewable energy and forestry projects. MicroCoal Inc. is a leading
clean energy company focused on commercializing the use of its patented
technologies to decontaminate and upgrade low - rank coals to match the energy
levels of high-rank coals, for use by power utilities. CarbioPel - Eco Stream
Power S.A. is an operating biomass producer in Poland and part of a rapidly
growing renewable energy market in The European Union. CO2 Reduction Poland Sp.
z o.o., through cooperative action with several private landowners, is
implementing afforestation projects in Poland to restore forest cover on disused
agricultural land, which will lead to the generation of carbon credits for sale
in the global Voluntary market.


On behalf of the Board of Directors

Carbon Friendly Solutions Inc.

Slawomir Smulewicz, CEO and Director

Forward Looking Statements

This news release contains "forward-looking information" within the meaning of
the Canadian securities laws. Forward looking information is generally
identifiable by use of the words "believes," "may," "plans," "will,"
"anticipates," "intends," "budgets", "could", "estimates", "expects",
"forecasts", "projects" "approximately", "proposed" and similar expressions, and
the negative of such expressions. Forward-looking information in this news
release includes statements about Carbon Friendly's prospective business
relationship, ISO 14064-2 Validated Voluntary Emission Reductions (VER), the
Northern Poland Afforestation Offset Project and future roll-out plans.


In connection with the forward-looking information contained in this news
release, Carbon Friendly has made numerous assumptions, regarding, among other
things, our ISO 14064-2 Validated Voluntary Emission Reductions and future
sales. While Carbon Friendly considers these assumptions to be reasonable, these
assumptions are inherently subject to significant uncertainties and
contingencies.


Additionally, there are known and unknown risk factors, which could cause Carbon
Friendly's actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking information contained herein. Known risk factors
include, among others: the possibility that the rate of growth of the market for
the Voluntary Emission Reduction; future sales of VER may not materialize;
environmental benefits may not be realized in full; difficulties entering
international markets, and sovereign risk.


A more complete discussion of the risks and uncertainties facing the Northern
Poland Afforestation Offset Project and ISO 14064-2 Validated Voluntary Emission
Reductions is disclosed in Carbon Friendly's continuous disclosure filings with
Canadian securities regulatory authorities at www.sedar.com. All forward-looking
information herein is qualified in its entirety by this cautionary statement,
and Carbon Friendly disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of any revisions
to any of the forward-looking information contained herein to reflect future
results, events or developments, except as required by law. Neither CNSX nor its
Regulation Services Provider (as that term is defined in the policies of the
CNSX) accepts responsibility for the adequacy or accuracy of the release.


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