11/06/2024 | Press release | Distributed by Public on 11/06/2024 10:18
Item 1.01 Entry into a Material Definitive Agreement
On March 08, 2024, Astra Energy Inc. (the "Company") entered into a Joint Venture Agreement (the "Agreement") with Powertron Global LLC ("Powertron").
As per the Agreement, Powertron has made the non-refundable payment of $1,000,000 to the Astra and created a NEWCO which the Regreen Technologies Inc. patents will to be assigned to on closing. Powertron has not submitted a plan of arrangement for a public listing of the NEWCO or made the payment of $4,000,000.
On September 12, 2024, at Powertron's request the Company granted a 45-day extension for the closing.
At Powertron's request the Company has granted a second extension up until November 30, 2024. The Company feels its full support of this transaction will ultimately benefit it shareholders.
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