Rainforest del Ecuador has finalized and registered with the competent authorities of Ecuador, the acquisition of the San Vicente de Cambugán property, with a total area of 9,190.77 Ha.
This property houses the greatest wealth and endemism of species of flora and fauna because it is located within the HOTSPOT of the Tropical Andes.
This forest is part of the spectacled bear's habitat hence the company has named it "Ukumari Cloud Forest", which in the Kichwa language, Ukumari means bear. This important area which will be protected also contributes to carbon capture storing approximately 180 T/Carbon/Ha.
This wildlife reserve is highly threatened by anthropic activities which lead to habitat fragmentation and deforestation. Among the actions that will be carried out in the area are the implementation of sustainable activities working with the communities in the area of direct influence of the property and initiation of the carbon certification process of the area in the consecutive phases established by the company.
This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.
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