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RNS Number : 4292Z

Active Energy Group PLC

17 September 2015

17 September 2015

Active Energy Group Plc

("Active Energy Group" or the "Group" or the "Company" or "AEG")

Update on KAQUO Forestry & Natural Resources Development Corporation ('KAQUO') Canadian Joint Venture

Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-quoted international supplier of wood fibre products for MDF manufacturing, global forestry and natural resources development services, and Biomass for Energy (BFE) coal replacement fuel solutions and processing systems, announces that, further to its announcement dated 31 July 2015, it has been advised by the three Métis Settlements partners in the Group's KAQUO joint venture that they have received the findings of the Alberta Ministry of Aboriginal Relations investigation into the Métis Settlements handling of their participation in the joint venture.

The Métis Settlements have informed AEG that they have received Ministerial Order MSA-01/2015, which specifies certain conditions to be fulfilled, after which the joint venture can proceed. The Company is consulting with its Métis partners on those conditions, none of which it believes to be material, to formulate a strategy that will enable forestry operations to commence in January 2016.

A further announcement will be made in due course.

- ENDS -

NOTES TO EDITORS & CONTACT INFORMATION

ABOUT ACTIVE ENERGY GROUP PLC:

Active Energy Group Plc is a London Stock Exchange AIM-quoted company (AIM: AEG.L). Headquartered in the UK, it is a fast-expanding international business that has experienced exceptionally strong growth and diversification into complementary industry sectors since the current management team assumed responsibility in mid-2012.

The Group has considerable expertise across the entire timber industry supply chain - from forest to finished product.

Its three specialist business divisions, which reflect its knowledge and experience and which work together to maximise commercial opportunities, are focussed on providing products and services to specific global market sectors:

   --   Forestry & Natural Resources Development and Management 
   --   Wood Fibre Products for Medium-Density Fibreboard (MDF) Manufacturing 
   --   Advanced Biomass for Energy (BFE) Fuel Solutions and Processing Systems 

Active Energy Group Plc operates from four international locations:

-- Ukraine, where it is the largest producer and exporter of wood fibre for the Turkish MDF manufacturing sector.

-- Canada, where it has entered into a landmark joint venture - KAQUO Forestry & Natural Resources Development Corporation - with several indigenous Métis Settlements to commercialise in excess of 250,000 hectares of their lands, which contain valuable forests and natural resources, including oil and gas reserves.

-- The United Kingdom and United States of America, where it develops advanced Biomass for Energy fuels and fuel processing systems that convert waste wood and industrial/agricultural residues into coal replacement feedstock for clean energy power generation in a joint venture - AEG CoalSwitch Limited - with Biomass Energy Enhancements LLC.

Ukraine and Canada, with their large forestry reserves and comprehensive road, rail and sea transport links, are ideal locations from which to source raw Biomass material for conversion into wood fibre for MDF manufacturing and enhanced sustainable fuels for electricity generating power plants.

A highly experienced and dedicated management team leads Active Energy Group Plc, each of whom possesses a proven track record in the industries and regions in which it operates and from which its revenues are generated.

The Company has grown significantly in recent years, and has established a firm foundation, excellent reputation and international customer base upon which to build for the future.

 
 WEBSITE:                LINKEDIN:                               TWITTER: 
 www.active-energy.com   www.linkedin.com/company/activeenergy   www.twitter.com/aegplc 
                                                                  (@aegplc) 
 

ENQUIRIES:

 
 Active Energy Group Plc 
                                                                                 +39 344 
 Richard Spinks              richard.spinks@active-energy.com    Intl.:         111 6071 
 Chief Executive                                                                +380 503 
  Officer                                                         Ukraine:       942 702 
 
 
                                                                              +972 (0)54 
 Mark Broomer                mark.broomer@active-energy.com      Intl.:         575 3091 
                                                                             +44 (0)7703 
 Corporate Communications                                         UK:           18 88 18 
 
 
 WH Ireland Ltd. (Nominated Adviser and Broker) 
 Chris Fielding/Mark                                                         +44 (0)20 
  Leonard                                                         Office:     7220 1666 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 17, 2015 10:38 ET (14:38 GMT)

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