Now that the companies corporate restructuring and the transaction with Blu Earth Renewables are both complete, we wanted to take this opportunity to update shareholders on other developments.
With our corporate and financial restructuring behind us, we are directing all attention to the future and working to build value for our shareholders. The company is very much in business, active and working towards being ready for future BC Hydro Clean Power Calls.
To build value, we have a core team of experienced business leaders who understand both the renewable power business in British Columbia and the portfolio of projects Syntaris Power retained. We are also looking at new additions to our management team to augment the current team of seasoned professionals. The current team is actively focused on driving the company’s strategic priorities while also maintaining the company’s financial stability by treating corporate resources cautiously to ensure we retain capital to maintain operations for the foreseeable future.
As well as having a smaller and more focused team, we also have a focused set of manageable priorities that have been targeted for their potential to add value to the company in the near term. More specifically, the management of Syntaris Power is focused on developing energy opportunities in the North West of British Columbia to capitalize on the anticipated energy demand from the burgeoning LNG industry on the North Coast. This focus on the North Coast has led to developing working relationships with key First Nations as well as early stage discussions with a major developer to partner on large energy projects the company is pursuing. As well as the North Coast, the company is also pursuing early stage discussions on the development of the projects acquired in the Atla Energy transaction.
Finally, Syntaris Power will be hosting an AGM in Vancouver this summer. We anticipate the meeting will occur in June but please await notification via regular mail to the address we have for you in the corporate registry that is held by Computershare. If you have moved, changed addresses or have not been receiving mailfrom Syntaris Power please advise Computershare of your new address by contacting the customer care department at 1-800-564-6253
Thank you for your continued support as shareholders and we look forward to updating you more regularly moving forward.