Welcome To The CBM Asia Development Corporation HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: NR...$ in the bank!

NR...$ in the bank!

posted on Feb 14, 2009 08:00AM

February 11, 2009

CBM Asia Receives ABCP Payment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2009)

Development Corp. (TSX VENTURE:TCF) (the "Company") is pleased

announce that it has now received a total of $1,040,000 from

of its previous investment in Canadian asset backed commercial

(December 31, 2007 - $1,099,856) which had been tied up since

2007 following the collapse of the ABCP market in Canada.

The Company intends to use the proceeds from the sale of its

ongoing exploration of its coalbed methane projects in Indonesia

general working capital purposes.

Share
New Message
Please login to post a reply