Pacific Northwest B.C. News & Management Agreement With CEO - Seite 2

Brent Jang, The Globe and Mail, November 15, 2015 http://ow.ly/UZbBa

B.C. Deputy Premier Rich Coleman says plans for a liquefied natural gas terminal near Prince Rupert will be judged on a science-based environmental assessment, urging the project's critics to wait for details from a federal review.

Mr. Coleman said critics should allow the Canadian Environmental Assessment Agency (CEAA) to finish its job and study new submissions -- notably scrutinizing more details expected from Pacific NorthWest LNG about its plans for building an $11.4 billion terminal.

LNG terminal 'not likely' to harm Flora Bank
Brent Jang, The Globe and Mail, November 17, 2015 http://ow.ly/UZ3eX

Flora Bank is a resilient area that contains eelgrass that nurtures juvenile salmon in the Skeena River estuary near Prince Rupert. "The technical work completed to date, commissioned by Pacific Northwest LNG, led by Malaysia's state-owned Petronas; indicates that the project is not likely to cause significant adverse environmental effects on fish and fish habitat," according to the consortium's 36-page summary of its findings.

Pacific Northwest LNG conducted new studies after the CEAA requested more details from the consortium. Since that June 2 request, Stantec Consulting Ltd., Hatch Ltd. and other consultants have spent months gathering data and carrying out research in response to what CEAA had described as a lack of information. "Throughout this process, PNW LNG has worked constructively with interested area First Nations, various government agencies and stakeholders to build a science based report," said Spencer Sproule, the consortium's senior adviser of corporate affairs.

The Tsimshian Environmental Stewardship Authority, formed in July by the Metlakatla and four other native groups, believes there could be an acceptable way to export LNG from Lelu Island.

Other: Management Contract for new CEO/President
On November 1, 2015 the Company entered into a Management Agreement (the "Agreement") with Geomorph Consulting, and James Place (the "Consultant") whereby the Company has agreed to pay a monthly fee of $7,500 per month, plus applicable taxes (the "Fees") with a term of twenty-four months. The Company will also reimburse the Consultant for all reasonable business, travel, hotel, entertainment and other out-of-pocket expenses which are incurred by the Consultant in the provision of his services. A termination clause has been included whereby the Consultant is entitled to the following fees resulting from change of control or termination by the Company: