Business
EnCap Updates Qualifying Transaction with Sustainable Energy Properties Inc.
Jan. 10, 2011 (Filing Services Canada) -- EnCap Investments Inc. (ENC.P - TSX Venture), announc...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"\nEnCap Updates Qualifying Transaction with Sustainable Energy Properties Inc.\n\n\n Jan. 10, 2011 (Filing Services Canada) -- EnCap Investments Inc. (ENC.P - TSX Venture), announces an addendum to its Merger Agreement with Sustainable Energy Properties Inc. (\"SEP\") and further details of its Qualifying Transaction (the \"QT\"). Pursuant to the agreement and plan of merger and reorganization dated July 15, 2010 (the \"Merger Agreement\") with SEP, as initially disclosed in the Company's news release of July 29, 2010, the resulting issuer plans to be involved in the business of clean-tech solutions, sustainable energy, sustainable development and environmental services upon completion of the QT.SEPSEP is a clean technology and solutions provider company focused on development and deployment of clean-tech technologies and low carbon energy solutions. SEP assets include business units, technology rights, certain real estate assets and long term property leases for project development.  SEP plans to deploy clean-tech technologies and solutions in the development of projects and sustainable low carbon energy complexes within its properties which are strategically located close to waterways, ports, railways, and highways.  SEP combines assets and technologies for the purpose of developing sustainable solutions.  Its focus is on the production of energy, project development, management and sale of land based mitigation credits and offsets, and manufacturing and assembly of sustainable products.Two of SEP's technology licenses are examples of the solution combinations that SEP is planning to offer to the market.  are The first is for the exclusive manufacturing, distribution, and marketing licensing rights in North and South America for electric and hybrid urban buses.  Other  vehicle types are expected to follow and the initial plan is to assemble these vehicles during a ramp up aimed at the demand for electric vehicles and specialty equipment..  The second is for the exclusive manufacturing, distribution, and marketing licensing rights in North and South America for energy efficient LED streetlights and a heat transfer device useful in the thermal management of LED lighting units.In addition to these two technology sets, SEP has exclusive rights for the manufactur...