- SusGlobal Energy (OTC:SNRG) Tuesday said that it has completed the purchase of 2.03 acres of prime M5 Industrial Lands located adjacent to the company's existing 3.26-acre facilities at 490 Nash Road North, in Hamilton, Ontario.
- As per the terms of the purchase agreement, the company's wholly owned subsidiary, SusGlobal Energy Canada Corp, provided an initial deposit of $72,070 on June 15, after receiving both a Phase I and a Phase II Environmental Site Assessment.
- The parties signed a waiver of all due diligence, and the company advanced a further $151,345 on July 14, 2023, towards the purchase price of $2,234,145.
- On November 2, the company paid $569,346 in cash and paid $1,584,400 in the form of a take-back mortgage granted in favour of the seller on closing on November 2.
- Source: Press Release