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EverGen Infrastructure Corp. ( (TSE:EVGN) ) has shared an update.
EverGen Infrastructure Corp. announced the sale of real property by its subsidiary, Fraser Valley Biogas Ltd., to 2065947 Alberta Ltd. and James Betts for $2.62 million. The transaction involves a long-term lease back agreement for the property, allowing continued operation of the Fraser Valley Bio Gas Project. This strategic move, involving a related party transaction, allows EverGen to maintain operational control while optimizing its asset management strategy.
More about EverGen Infrastructure Corp.
EverGen Infrastructure Corp., headquartered on the West Coast of Canada, is an independent renewable energy producer focused on combating climate change. The company acquires, develops, builds, owns, and operates a portfolio of renewable natural gas, waste-to-energy, and related infrastructure projects, primarily in Canada, with plans for growth across North America and beyond.
YTD Price Performance: -45.81%
Average Trading Volume: 9,380
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$11.79M
Learn more about EVGN stock on TipRanks’ Stock Analysis page.