ERA Carbon Offsets Ltd. Announces Extension for Acquisition of Offsetters Clean Technology Inc. and Carbon Credit Corporation
October 15 2012 - 5:59PM
Marketwired Canada
ERA Carbon Offsets Ltd. ("ERA" or the "Company") (TSX VENTURE:ESR) wishes to
announce that it is continuing to work towards the conclusion of definitive
agreements with the shareholders of Offsetters Clean Technology Inc. and Carbon
Credit Corp. with respect to the Company's proposed acquisition (the
"Acquisition") of these two companies. The Acquisition was first announced on
September 17, 2012.
Robert Falls, Ph.D., R.P.Bio., Chairman
ERA Carbon Offsets
About ERA Carbon Offsets Ltd.
A pioneer in carbon offset projects based on forest conservation and
restoration, ERA has delivered over two million tonnes of carbon offsets to the
voluntary market from a variety of international forestry based projects. The
company's Community Ecosystem Restoration Program ("CERP") began in 2005 in
British Columbia, Canada, and has delivered large scale restoration of riparian
ecosystems throughout the Lower Mainland of British Columbia. ERA's successful
project development activities include the award winning Darkwoods and Denman
Island forest carbon projects, the first REDD concessions in the Democratic
Republic of Congo in central Africa and Improved Forest Management projects in
the United States which are expected to deliver ARB compliant tonnes for the
California market beginning in 2013. Our activities span Canada, Africa, the
United States and New Zealand. ERA's carbon offset projects are validated and
verified to ISO-14064, CCBA, PFSI-VER, CAR and VCS standards and sell into
voluntary and pre-compliance carbon markets. ERA's clients and product users
include, Catalyst Paper, Rolling Stone Magazine, HSE - Entega, Forest Carbon
Group AG, and Shell Canada Limited.
Additional information on ERA can be found on the corporate website
www.eracarbonoffsets.com or by contacting investor@eracarbonoffsets.com.
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as
well as historical information. Forward-looking statements include, but are not
limited to, the continued advancement of the company's general business
development, research development and the company's development of forest-based
carbon offsets. When used in this document, the words "anticipate", "believe",
"estimate", "expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Although ERA Carbon Offsets
Ltd. believes that their expectations reflected in these forward looking
statements are reasonable, such statements involve risks and uncertainties and
no assurance can be given that actual results will be consistent with these
forward-looking statements. Important factors that could cause actual results to
differ from these forward-looking statements include fluctuations in the
marketplace for the sale of carbon credits, the inability to implement corporate
strategies, the ability to obtain financing and other risks disclosed in our
filings made with Canadian Securities Regulators.
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