Active Energy submits all final documents for Crown Timber Licence
(ShareCast News) - London quoted company Active Energy has announced the submission of all final documents to the Ministry of Fisheries and Land Resources of the Crown Province of Newfoundland and Labrador, for a Crown Timber Licence as well as Forestry Management Agreements on the Forestry Management Districts 17 and 18.
The international forestry management and biomass based renewable energy company said on Thursday it had submitted all the documents through its affilliate, Timberlands International, after five months of co-ordination between Timberlands and the Canadian forestry consultancy company, Zimmfor Management Services.
The submission, the company added, included all requested documentation including the proposed financial term sheets for the prospective Forestry Management Agreements.
Michael Rowan, Active Energy's non-executive chairman described the submission as a "milestone".
"This marks the next milestone for the development of commercial activities for TIL in Newfoundland. TIL and Active Energy are extremely excited about the prospect of revitalising the forestry activities on the Northern Peninsular, facilitating new investment into the Province and continuing to grow positive working relationships between the Province, its relevant ministries and TIL for the benefit of all.
"I look forward to providing shareholders with further updates regarding the applications for the CTL and the FMAs in due course."