Pure Biofuels Corp. (PBOF.OB) Inks Agreement to Acquire 14,000 Additional Hectares for Palm Oil Cultivation in Peru
Pure Biofuels Corp. recently announced they have signed an agreement with Immobiliaria Alpha SAC to purchase 15,000 Hectares of land. In the agreement Pure will acquire 100% of the shares of Immobilaria and transfer 1,000 hectares of land back to the seller after the acquisition is completed, which is currently scheduled for the end of March. The 14,000 hectares to be acquired by Pure is currently empty and deforested and has already undergone improvements including roads, infrastructure and electricity. Closing of the land acquisition is subject to customary closing conditions. Since 2006, Pure Biofuels Corp. has been proven to…