Blackheath Resources to acquire Wolverine Energy’s renewable energy assets

Blackheath Resources Inc. and Wolverine Energy and Infrastructure Inc. have entered into an amalgamation and arrangement agreement for the proposed sale of Wolverine’s clean energy assets, renewable natural gas (RNG) development projects and solids recycling facilities to Blackheath for total proceeds of $150 million. The proceeds from the sale of the clean energy assets will be $50 million in cash, with the remainder of such proceeds comprising shares of Blackheath.

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