Earth Alive Clean Technologies Inc (CNSX:EAC) has been invited to the Business and Biodiversity Forum 2016. The event would be held on December 2-3, in Cancun, Mexico and hosts ministers from across the globe, as well as renowned experts and sector representatives. The forum would mainly be focusing on biodiversity mainstreaming sectors, such as tourism, fisheries and agriculture. Issues from these sectors would be highlighted throughout the CBD COP13, the highest level meeting at the forum. It should be noted here that EAC would also be a part of this meeting.
The COP13 comprises of representatives from around 195 countries, as well as key players in the implementation of the Strategic Plan for Biodiversity and the Aichi Biodiversity Targets. The COP13 alone has 10,000 participants, who would discuss and decide on new decisions, for the next four years. David Gilmour, the CEO of Earth Alive, stated that it was an honor to be invited to the conference. He expressed confidence in the fact that EAC can help implement the objectives set out in the conference. Mr. Gilmour pointed out that they had been making significant progress with respect to the African and Latin American agricultural markets and this invite was recognition of those efforts.
Earth Alive is also the developer of the Soil Activator microbial technology, which helps farmers and agribusinesses increase their yields in a sustainable way. The product has already been tested in varying environmental conditions, across North and South America and Africa. The management hinted that this technology would be the center of their talks at the forum and the COP13.
The company recently announced that it had opted to convert a total of $1.65 million of its outstanding convertible debt. These notes were due to mature on July 15, 2018, but would now be converted into 8.25 million common shares, at $0.2 per common share. The conversion is due to take place on November 1, 2016.
Earth Alive Clean Technologies Inc (CNSX:EAC) lost 3.23% of its share value, during the October 20 trading session, close at $0.6 per share.
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