EverGen Infrastructure Corp. has announced an update on its M&A transaction involving a purchase and sale agreement between 2065947 Alberta Ltd. and James Betts, and its subsidiary, Fraser Valley Biogas Ltd. The transaction, which involves the sale of a property in Abbotsford, B.C., has received final approval from the TSX Venture Exchange. The property, excluding certain buildings, structures, and equipment, is being sold for $2,620,000, with $870,000 deferred until the sale of another property by the purchasers is completed, anticipated by the end of May 2025. This update follows the company's previous announcements regarding the agreement.
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