BZAM has completed the sale of the majority of its assets in both its Midway properties in B.C, including all associated lands, support buildings, related equipment, and on-site biomass, as applicable. In accordance with two purchase and sale agreements between the Company and arms-length parties dated August 1 and 4, 2023, total gross proceeds received from the Transaction were $3,228,000 with 50% of the total net proceeds from the Transaction, after commission and costs, being applied against the Company's term portion of its credit facility.
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