Alberta Biobord

Alberta BioBord's office building in Stettler was part & parcel of a Share Purchase Agreement (SPA) by parties from Surrey BC & Calgary.

After costing us over $75K in building improvements throughout 2021 and early 2022, they breached their SPA and failed to transfer title per their contract. They have falsely claimed that we were a tenant when in fact we have the signed contracts with them showing that the building was supposed to be ours in exchange for final payment for one half of their Share Purchase Agreement contract. They breached their contract by failing to make scheduled share purchases and failing to transfer title as they had contracted to do.

We are dealing with their claims with the appropriate legal response to their breach. And despite the mess created by their unfulfilled commitments, we are proceeding with our proposed projects in Stettler County. Although it obviously would have been nice to have that property as part of our operations, it wasn't critical to our project as we can build administrative offices onsite.

We will release more details after our April 12th AGM where we will be introducing both our new project schedules and our replacement investors. And subject to shareholder approval, we will begin our next public consultations that are necessary ahead of the re-filing of our Development Permit application.

In the interim, anyone with any specific questions can contact me by email at [email protected] , thank you.

George Clark, CEO
Alberta BioBord Corp

CANADA'S LARGEST GHG SEQUESTRATION PROJECT CREATING VALUABLE PRODUCTS & PERMANENT FULLTIME JOBS RIGHT HERE IN ALBERTA!

Some Renewable Fuels make sense & the world needs high quality MDF board products. We will produce & deliver both.

George Clark, CEO
Alberta BioBord Corp

PS:
Our public offering is 83.9% subscribed, check it out at:

https://portal.equivesto.com/offering/biobord

Alberta BioBord | Home We are Alberta BioBord,A world class environmental initiative with one of the largest proposed carbon capture projects.Committed to bringing new value to our abundance of carbon based crops through the development of our innovative agricultural based biomass facility that will be situated in Stettle...