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Article: IGDC Obtains $12 Million Investment to Market Canadian First Nations Natural Gas to United States; Historic Event for Indigenous Trade Between Canada and United States.
- Article from:
- Business Wire
- Article date:
- November 19, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Indigenous Global Development Corporation (OTCBB:IGDC) today announced its second phase of its purchase and transport of Cree Energy, Ltd., Canadian First Nation's natural gas from Canada to the United States. IGDC's Phase II purchase will include additional sales and transport of Canadian natural gas into the U.S. Indigenous Global can purchase a total of 92,700,000 MMBtus (90 billion cubic feet) of natural gas per year, at a discount to the U.S. spot market, for the next 25 years under their contract with Cree Energy. IGDC will sell the natural gas to established purchasers and use it to fuel its power plant program. Its current purchase is $3 million ...