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Kelowna, British Columbia–(Newsfile Corp. – September 19, 2022) – Gallagher Security Corp. (CSE: GLL) announces that in addition to raising funds on the stock exchanges, together with High Bar and Treelab First Nations, they have entered into contracts with Mr. Paul Griss, President of Boldon Group Inc. to seek and request grants to plant trees on indigenous lands located in the Fraser Canyon/Cariboo region of British Columbia for the purpose of carbon sequestration. It is estimated that the market for carbon credits will reach more than 2,000 billion dollars by 2027. Carbon credits currently sell for more than 70 euros in Europe.
Jamie Fletcher, a councilor for High Bar First Nations, said, “We look forward to securing some of the many grants available to the governments of Canada and British Columbia to sequester carbon, curb deforestation, reduce forest and help generate cleaner air. .”
The proposed pilot project will take place on 250 acres of High Bar Nation land, where Treelab will plant more than two hundred thousand new trees in the spring of 2023.
High Bar owns over 3,700 acres of prime land, where Treelab offers to support the planting of new trees, work to build a clean energy automated seedling growth facility and support farming practices regenerative. Treelab strives to bring the highest quality forest carbon offset projects to an ever-expanding market. Savvy offset buyers are concerned about the quality of some existing projects and prefer to invest in new forests to avoid the risk of fraudulent credit.
ON BEHALF OF THE BOARD OF DIRECTORS
President and Director
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CSE does not accept responsibility for the adequacy or accuracy of this press release.
There can be no assurance that the proposed transaction will be completed.
Forward-looking statements are based on then-current expectations, beliefs, assumptions, estimates and forecasts about the business, industry and markets in which the Company operates, including that: general business and economic conditions change in a material adverse way; and funding will be available if and when needed on reasonable terms. Any statement that expresses or implies discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, or future events or performance (often, but not always, using words or phrases such that “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or indicates that certain actions, events or results “could”, “could”, “could”, “might” or “will” be taken, occur or be carried out), and variations of these words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that the Company may not be able to raise additional funds if required; exchange rate fluctuations; the impact of Covid-19 or other viruses and illnesses on the Company’s ability to operate and complete transactions; failure of counterparties to perform their contractual obligations; failure to obtain regulatory and stock market approvals; and other risks and uncertainties listed in the Company’s public documents. These and other risks could cause actual results and events to vary materially. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that any forward-looking information or the material factors or assumptions used in making such forward-looking information will prove to be accurate. The Company undertakes no obligation to publicly disclose any revision to update any voluntary forward-looking statement, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137344