By Louise Sproule, The Review, July 17, 2018
Ecolomondo Corporation (TSXV: ECM) (the “Company” or “Ecolomondo“) has completed the purchase of a site to build its latest Thermal Decomposition (“TDP“) turnkey facility to be built on Tessier street in the Town of Hawkesbury, Ontario, Canada.
Further to an Agreement of Purchase and Sale (“APS“) completed with the Town of Hawkesbury on April 19, 2018, and further to the satisfactory completion of all due diligence conditions, the parties successfully closed the transaction on July 11, 2018. The purchase price was $400,000, including a contribution of $315,000 by Ecolomondo to build an extension of Tessier Street.
Site work is to begin immediately, including deforestation and geotechnical reports required for municipal and environmental permit applications.