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Viridis Energy secures partnership with Halifax Grain

July 9, 2014, Vancouver, B.C. – Viridis Energy Inc. announced that, effective June 30, 2014, its subsidiary Scotia Atlantic Biomass Company Limited has entered into a strategic agreement with Halifax Grain Elevator Limited. Located in one of the most strategic ports in Canada for export to Europe, Halifax Grain will invest up to $1,000,000 in Viridis’ subsidiary.


July 9, 2014
By Canadian Biomass

July 9, 2014, Vancouver, B.C. – Viridis Energy Inc. announced that, effective June 30, 2014, its subsidiary Scotia
Atlantic Biomass Company Limited has entered into a strategic agreement
with Halifax Grain Elevator Limited. Located in one of the most strategic
ports in Canada for export to Europe, Halifax Grain will invest up to $1,000,000 in Viridis’
subsidiary.

Halifax Grain, a dominant bulk grain handling and storage provider at the Port of Halifax,
provides unique and segregated storage using 365 silos ready for transport via cargo ship,
transport vehicle or rail car. This system, unlike most pellet storage facilities, allows for
different grades of pellets to be stored. The Port of Halifax is the last stop for vessels heading
east from the Great Lakes and the St. Lawrence Seaway to eastern North America and Europe.

“The Province of Nova Scotia is an ideal location for Viridis to continue its expansion on the
east coast, given our valued relationship with Halifax Grain and the Port of Halifax, an
advantageous shipping route to the rapidly growing market in Europe. Naturally, forming a
strategic relationship with one of the principle operators at a key east bound port is fundamental
to our tactical growth strategy,” commented Christopher Robertson, CEO of Viridis.

Under the terms of the agreement, Halifax Grain will invest up to a total of $1,000,000 in Scotia
Atlantic for a maximum 20% equity ownership in the Viridis subsidiary and work with Scotia
Atlantic management in support of its operational objectives Halifax Grain also provides Scotia
Atlantic with inland transportation (trucking) in addition to storage and handling at the Port of
Halifax.

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“This strategic partnership is one that benefits all Nova Scotians,” said George Malec, vice president, Business Development and Operations, Halifax Port Authority. “What this does is
strengthens the biomass industry in our province which is good for employment and good for the
economy. We welcome and encourage this type of private sector investment and we look
forward to our continued work with both Viridis Energy and Halifax Grain.”

 


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