Brief: Canada Growth Fund Announces Investment In Entropy And Carbon Credit Offtake Commitment

Advantage Energy

20/12/2023 12:27

Dec 20 (Reuters) - Advantage Energy Ltd  AAV.TO :
    * CANADA GROWTH FUND ANNOUNCES STRATEGIC INVESTMENT IN
ENTROPY INC
AND CARBON CREDIT OFFTAKE COMMITMENT
    * CANADA GROWTH FUND INC.: CGF HAS AGREED TO A $200 MILLION
INVESTMENT IN ENTROPY
    * CANADA GROWTH FUND INC. - CGF HAS ENTERED INTO A STRATEGIC
INVESTMENT AGREEMENT WITH ENTROPY INC.
    * CANADA GROWTH FUND: CGF HAS COMMITTED TO BUY UP TO 9
MILLION
TONNES OF TIER OR EQUIVALENT CARBON CREDITS FROM ENTROPY
PROJECTS
    * CANADA GROWTH FUND - UNDER TRANSACTION BROOKFIELD WILL
CONTINUE
TO INVEST BALANCE OF ITS EXISTING $300 MILLION HYBRID SECURITY
INTO BUSINESS
    * CANADA GROWTH FUND: CGF WILL NOMINATE ONE MEMBER TO
ENTROPY
BOARD OF DIRECTORS
    * CANADA GROWTH FUND - POST-INVESTMENT, ENTROPY WILL HAVE
APPROXIMATELY $460 MILLION OF CAPITAL AVAILABLE

Source text for Eikon:  ID:nCNWqwDvYa 
Further company coverage:  AAV.TO 

 ((Reuters.Briefs@thomsonreuters.com;))