Carbon2Green Corporation

Carbon2Green Corporation

October 07, 2009 09:23 ET

Carbon2Green Corporation Completes its Qualifying Transaction

MONTREAL, QUEBEC--(Marketwire - Oct. 7, 2009) - 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.

Contact Information

  • Carbon2Green Corporation
    Louis Tourillon,
    President and Chief Executive Officer