Cerus Energy Group (TSX-V:CEA) (“Cerus” or the “Company”) is pleased to report that its subsidiary Camarico Group has entered into an agreement to acquire the remaining 20% of Aggro Manufacturing Ltd., to consolidate its position to 100% ownership.
The agreement will swap 100,000 shares of Aggro Manufacturing for 100,000 Class A Common Shares of Cerus Energy. The present transaction price at current market is CAD $7,000.00.
Camarico CEO R. Mackenzie Loree stated:
"We are pleased to reach this agreement for the consolidation of interests in Aggro Manufacturing for the Company. Aggro will play a pivotal role in the completion of our Prince George facility and in our new flagship facility scheduled for development in the County of Vulcan, Alberta. With the full ownership of Aggro, Camarico has garnered the right tools, alignment and integration to be more aggressive in fabrication and prototyping operations.”
Aggro Manufacturing Ltd. is engaged in the custom engineering & manufacturing of marijuana cultivation, processing and handling systems. Current Aggro product portfolio includes but is not limited to the “El Rollo” high-efficiency growing machine prototype set to debut its phase 1 testing period as early as second quarter of 2018.
For more information on Cerus and the Camarico Group operations please visit the website at: www.camarico.ca.
For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.
Anthony Chan, CEO & CFO
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