Attached files
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8-K - FORM 8-K - Coronus Solar Inc. | form8k.htm |
EX-10.2 - EXHIBIT 10.2 - Coronus Solar Inc. | exhibit10-2.htm |
EX-10.1 - EXHIBIT 10.1 - Coronus Solar Inc. | exhibit10-1.htm |
CORONUS SOLAR INC.
Suite 1100 - 1200 West 73rd Avenue | Telephone 604-267-7078 |
Vancouver, B.C. V6P 6G5 | Facsimile 604-267-7080 |
Canada | www.coronusenergy.com |
NEWS RELEASE | OTCBB - CRNSF |
For Immediate Release |
AMENDMENT OF EARTHLIGHT ENGAGEMENT |
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AMENDMENT OF RENEWTREK ENGAGEMENT |
Vancouver, B.C. November 5, 2013 Jeff Thachuk, President of Coronus Solar Inc. (the Company) announced today that, as reported in the Companys News Release of September 30, 2013, effective September 1, 2013, the Company engaged Earthlight Solar Inc. (Earthlight) as a consultant (the Earthlight Engagement), with Earthlight providing the Company with advisory and consulting services (the Earthlight Services) in respect of the Companys solar photovoltaic (PV) business. Under the Earthlight Engagement, the Company was to pay Earthlight $10,000 per month for the Earthlight Services. Mark Burgert, a control person of the Company, is the president and a control person of Earthlight. The Company reports today, effective November 4, 2013, the Company amended the Earthlight Engagement (the Amended Earthlight Engagement). Under the Amended Earthlight Engagement, the Company is to pay Earthlight $10,000 per month for the Earthlight Services, and will do so up to November 30, 2013. Additionally, effective December 1, 2013, the Company is to pay Earthlight 10% of the cash value received on the Redwood Debenture, in return for Earthlight performing those certain development services in respect of the twelve anticipated, utility-scale, solar PV projects under the Share Purchase and Development Services Agreement, the closing of which the Company reported in the Companys News Release of September 30, 2013.
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As reported in the Companys News Release of September 30, 2013, effective September 1, 2013, the Company engaged RenewTrek Solar Inc. (RenewTrek) as a consultant (the RenewTrek Engagement), with RenewTrek providing the Company with advisory and consulting services (the RenewTrek Services) in respect of the Companys solar PV business. Under the RenewTrek Engagement, the Company was to pay RenewTrek $10,000 per month for the RenewTrek Services. Jeff Thachuk, the Companys president, principal executive officer, secretary, treasurer, principal financial officer, principal accounting officer, and a member of the Companys board of directors, is the president and a control person of RenewTrek. The Company reports today, effective November 4, 2013, the Company amended the RenewTrek Engagement (the Amended RenewTrek Engagement). Under the Amended RenewTrek Engagement, the Company is to pay RenewTrek $10,000 per month for the RenewTrek Services, and will do so up to November 30, 2013. Additionally, effective December 1, 2013, the Company is to pay RenewTrek 10% of the cash value received on the Redwood Debenture, in return for RenewTrek performing those certain development services in respect of the twelve anticipated, utility-scale, solar PV projects under the Share Purchase and Development Services Agreement, the closing of which the Company reported in the Companys News Release of September 30, 2013. As a director of the Company, Mr. Thachuk declared his interest in the transaction and abstained from voting on the approval of the Amended RenewTrek Engagement.
On behalf of the Board of Directors,
Coronus Solar Inc.
Jeff Thachuk
Jeff Thachuk
President
Forward Looking Statements: Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements. Forward-looking statements may be identified by words including anticipates, believes, intends, estimates, expects and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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