Earth Alive Announces Closing of the Acquisition of LFP Solutions
June 04 2014 - 5:56PM
Marketwired Canada
Earth Alive Clean Technologies (CSE:EAC) ("Earth Alive") is pleased to announce
that it has completed today the acquisition of LFP Solutions Inc., as previously
announced on May 20, 2014. At closing, Earth Alive has paid the first tranche of
the cash purchase price and has issued 2,500,000 common shares at a deemed price
of $0.10 per share, the whole in accordance with the share purchase agreement
entered into today ("SPA") between Earth Alive and the seller. The shares issued
pursuant to the SPA are subject to a regulatory four (4) month hold period after
each date of issuance.
LFP Solutions is a manufacturer and distributor of organic agriculture
fertilisers and inputs which are sold at the retail level in Canadian stores, as
well as on the commercial and industrial levels in Canada and abroad.
Michael Warren, the founder of LFP Solutions, will now become Vice President of
the Agriculture division of Earth Alive. He will be supported by Francois Gagne,
also from LFP Solutions, now the new Vice President of Sales and Marketing for
Earth Alive. The combined expertise of Michael and Francois in agriculture
matters will ensure that the clients of Earth Alive and LFP continue to receive
the best support available for their agriculture needs. As always, Michael and
Francois, and the entire Earth Alive team, continue to be strong believers in
the simple conviction that a healthy and natural soil is essential to healthy
and environmentally sustainable agriculture.
Aside from continuing to offer its patented microbial soil activator, the Earth
Alive Agriculture division will now offer its clients a broader range of
innovative, all-natural organic fertilisers and inputs with proven high
performance for a wide variety of crops around the world. These strong organic
products can replace, or be used in conjunction with, traditional chemically
based fertilisers.
More information regarding this new line of products will be available in the
next few weeks on the redesigned Earth Alive website.
The CSE has neither approved nor disapproved the contents of this press release.
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Louis Graton
514-249-3134
louis.graton@gmail.com
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