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Clean Power Concepts, Inc. Message Board

  • beaconbutt beaconbutt Jan 25, 2011 4:58 AM Flag

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    • News came out today ! SOCU.PK YOU know zero.

    • Form 8-K for CLEAN POWER CONCEPTS INC.


      --------------------------------------------------------------------------------

      25-Jan-2011

      Other Events, Financial Statements and Exhibits



      Item 8.01 - Other Events
      On January 21, 2011, the board of Clean Power Concepts Inc. ('Clean Power' or the 'Company') approved a memorandum of understanding ('MOU') signed by management with the Chongqing Grain Group Co., Ltd. ('CGG) on January 15, 2011.

      The MOU sets out plans for a Joint Venture (the 'JV;) between the Company and CGG for the joint building and managing of a food canola crush plant to be located in Western Canada. The planned capacity of the JV is planned to be 600,000 metric tonnes.

      Under the key terms of the MOU, the Company and CGG, as JV partners, agree to:

      ? Explore the feasibility of jointly building and managing a 600,000 metric tonne ('MT') food canola crush plant located in Western Canada.

      ? Form a Joint Venture company that will be established for the express purpose of building and managing the proposed canola crush plant. The crush plant is to be located in an area with good proximity to canola seeds and mutually acceptable railway access. Clean Power will be responsible for handling all related legal issues in regard to the plant and the share structure will be divided based on CGG owning 90% of JV and Clean Power owning 10% of JV. Membership on the board of the JV will be based on ownership in the JV.

      ? That CGG agrees to commit to purchase all oil output/off-take production from the JV crush plant;

      ? That Clean Power agrees to commit to purchase all meal output/off-take from the JV crush plant;

      ? That Clean Power agrees to secure required input/seed from western Canadian producers by contracting with such producers to provide the input requirements of the JV crush plant;

      ? That Clean Power will be appointed to be the Manager of the JV with responsibility for the design and construction of the JV crush plant;

      ? That the crush plant will be constructed in compliance with Canadian legal, environmental and safety rules, regulations and statutory requirements;

      ? Within 20 business days from execution of the MOU, Clean Power will provide to CCG legal documentation regarding compliance with rules and restrictions on foreign ownership's investment within Canada;

      ? That the combined minimum investment will require between $70 to $90 million Canadian dollars.

      ? That the agreed concepts and principles of the MOU be more fully documented in the form of a binding agreement between the two parties. The process for finalization of this agreement is agreed by both parties to be completed with 45 days of the signed acceptance of both parties of the MOU.





      Item 9.01 - Financial Statements and Exhibits
      Exhibit 99.1 - Memorandum of Understanding

    • Take a look at SOCU tell me what you think about this penny stock.

    • When you have junk stock and cheat investors its reason to bash the company.

    • On the fundamental side of this. Look at volume is key if this is the real deal. Add up the volume on the up days vs. the down days.Real money buying!

    • watch and learn your the theory is crap!

    • This is a technical dream who cares about fundamentals!

    • so why are you here?

    • Hehe, you'll find two or three of them here with an excellent record!

 
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