Courtesy: Peace Energy Cooperative
Peace Energy Cooperative (PEC) and the Peace River Energy Project (PREP) are currently at a pivotal stage. Your input is crucial by June 15.
PEC is encountering increasing challenges and costs in raising funds for PREP. The regulatory requirements of BC and Canada securities law have imposed a significant burden on PEC, necessitating approximately $100,000 for legal, accounting, and audit expenses to complete our Offering Memorandum (OM). This investment is only justifiable if we can secure $2 million or more in funding from our diverse membership base.
The OM represents the sole legal avenue through which we can solicit substantial funds from our members. Therefore, it is imperative for us to gauge member interest and willingness to invest in PEC via the simple survey below. Please respond to this survey by June 15.
If we do not receive sufficient investment interest from our members, PEC will be compelled to explore alternative avenues to finance the construction of PREP. These alternatives may include reducing PEC’s ownership stake in the project or selling it entirely to a private developer.
Your participation in this survey will enable us to make informed decisions regarding the future of PREP and PEC. Thank you for your continued support and engagement.
Thank you,
Peace Energy Cooperative
