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Active Energy CEO reveals due diligence process for Canadian forestry bids now underway

Richard Spinks, the chief executive of Active Energy (LON:AEG), confirms that the due diligence process into the three offers received by its Canadian forestry joint venture (KAQUO) to develop its assets in Alberta, Western Canada, is now underway.

Spinks is coy on the details of the bids, but says that ‘the type of investment groups we’ve been speaking with…are more than capable of financing this and many other opportunities in Canada with us’.

Active’s CEO discusses the inquiry into the procedures followed by the three Alberta Métis settlements before entering into the joint venture with KAQUO, in which Active has a 45% interest. 

Quick facts: Active Energy Group PLC

Price: 0.545 GBX

LSE:AEG
Market: LSE
Market Cap: £6.55 m
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