Crimson Bioenergy Ltd. Announces Resignation of Director
04 7월 2012 - 9:17AM
PR Newswire (Canada)
VANCOUVER, July 6, 2012 /CNW/ - Crimson Bioenergy Ltd. (Crimson")
announces the resignation of Stewart Walchli as director for
personal reasons. Crimson thanks Mr. Walchli for his service
and contributions as director. About Crimson Bioenergy Ltd. Crimson
has extensive management expertise in the areas of forest
management, forest ecosystem restoration, energy crops and
greenhouse gas offsets. Crimson has developed a fibre-supply
strategy to plant under-utilized agricultural lands for the
expanding biomass energy market that can also integrate carbon
credits as those markets emerge. The company will derive revenue
from two types of projects. First, Crimson can develop short
rotation, high density hybrid poplar plantations, called "Energy
Crops", with a 4-year growth cycle. This type of plantation offers
a low-cost, long-term supply of wood chips. Second, Crimson can
develop longer-term wood fibre/carbon credit plantations that meet
the terms of "Afforestation" under forest carbon offset programs.
The carbon credit value of such projects in emerging markets can
provide a positive revenue stream at an early stage. Crimson has
successfully completed its first Afforestation project in northern
British Columbia with ERA Carbon Offsets Ltd., a reporting issuer
on the TSX Venture exchange. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. Further information on
Crimson is available at www.sedar.com. Crimson Bioenergy Ltd.
CONTACT: Crimson Bioenergy Ltd.Mr. Garry Renwick, Chief Financial
OfficerPhone: 604-574-3100
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