NEWS RELEASE |
Wednesday, September 12th, 2018
Cerus Energy Group Ltd. TSX-V: CEA (“Cerus” or “the Company”) is pleased to announce that Camarico Land & Development Corp. (a wholly owned subsidiary of Cerus) has entered into an option agreement to extend and increase the Georgetown land area and lease to a total of 1,760 acres.
The option agreement will grant Camarico Land & Development Corp access to an additional 1,440 acres based on the original Georgetown Development terms and conditions. The company will pay no fees/zero dollars for undeveloped land within the contractual lease. The lease model has been structured to enhance the company’s expansion capabilities while reducing the capital intensity of land banking and startup operations.
Mackenzie Loree, Cerus CEO, stated:
“We are very excited and pleased to further expand our development potential to address the company’s long-term future and expansion. The process to advance and develop infrastructure is a lengthy and tedious one, which we are deftly focused on streamlining for a smooth and efficient development process.
Our premiere Georgetown development will be built in a strategic and systematic manner, to expand this phase to meet our future production needs of high-grade THC distillates. It is imperative that we remain diligent and prepared to meet the future needs of wholesalers and branded product expansions.
Camarico is excited and looking forward to working with the County of Vulcan on Phase I of the Georgetown development. Entering early into this land lease extension option clearly demonstrates our commitment to the county and anticipation of the market’s demand for our business development plans.”
For more information on Cerus Energy and Camarico Group operations, visit us online at
For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.
Anthony Chan, CEO & CFO
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
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and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous
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factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual
outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF
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