Big Tree Closes Transaction for Sale of Biodiversity Business Plan to NANAVERSE Inc.
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Big Tree Closes Transaction for Sale of Biodiversity Business Plan to NANAVERSE Inc.
NEWS RELEASE FOR IMMEDIATE RELEASE
March 25, 2025 TSXV Symbol: BIGT
Toronto, Ontario, March 25, 2025 – Big Tree Carbon Inc. (the “Company” or “Big Tree ”)
(TSXV:BIGT) is pleased to announce that, further to its press release dated February 24, 2025,
the Company has closed (the “Closing”) the sale of its biodiversity business plan pursuant to the
Letter Agreement (the “Letter Agreement ”) with NANAVERSE Inc. (formerly known as
1001089934 Ontario Inc.) (the “Purchaser”). Big Tree assigned and transferred to the Purchaser,
the NANAVERSE platform and all associated developments (the “Purchased Assets” as set out
below) (the “Transaction”) (see the Press Releases issued by the Company on March 26, 2024
and September 24, 2024).
Pursuant to the Letter Agreement Big Tree transferred the following Purchased Assets to the
Purchaser:
(i) a business plan developed by Big Tree regarding the creation of the NANAVERSE
platform, the acquisition and disclosure relating to Biodiversity Projects on the
NANAVERSE platform and the steps necessary to make the NANAVERSE platform
operational (collectively, the “Biodiversity Business Plan”);
(ii) the software and web development contract;
(iii) the concept of the NANAVERSE platform and the development of the NANAVERSE
platform to the date of Closing; and
(iv) government and all other contacts made by Big Tree in respect of the Biodiversity
Business Plan and all other trade secrets, know-how and intellectual property
associated with the Biodiversity Business Plan, that has been created by Big Tree,
and as consideration, Big Tree has received a $1,000,000 Promissory Note from the Purchaser;
one (1) Series 1 Preferred Share of the Purchaser entitling Big Tree to 16% of the proceeds received
by the Purchaser in respect of each biodiversity project managed through the NANAVERSE
platform at the end of the 20 year term of each project; and a contractual royalty entitling Big Tree
to 2% of proceeds received annually by the Purchaser in respect of each biodiversity project
managed through the NANAVERSE platform.
In accordance with the terms of the Letter Agreement, Ian Brodie-Brown has resigned as Director
of Business Development and as a member of the Board of Directors of Big Tree, and has become
the Chief Executive Officer of NANAVERSE Inc.
The Purchaser is seeking financing for the NANAVERSE Project. Once the Purchaser has raised
a minimum of $4 million, the $1,000,000 Promissory Note owing to Big Tree will be paid.
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Once funded, the Purchaser will continue with the development of the NANAVERSE platform
and the biodiversity projects to be referred to as the NANAVERSE Project. The NANAVERSE
Project is a new construct in capitalism that halts the pressure on Nature by putting an economic
value on its remaining unspoiled Biodiversity. This project implements a balance between
economics and the Earth’s natural engineering.
The NANAVERSE Project will offer the general public, finance, corporate, government and
social organizations the opportunity to directly support the value of Nature through 20-year
projects protecting biodiversity assets and participate in the furtherance of our responsibility to
preserve the natural habitat of all living species for our own benefit, and our place within Nature.
Software and web development is being provided by a recognized team of tech industry
designers.
ABOUT BIG TREE CARBON INC.
Big Tree Carbon Inc. is an indigenous-led publicly-traded natural asset resource company based
in Ontario, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb
President and C.E.O.
(807) 737-5353
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known
and unknown risks and uncertainties. Without limitation, statements regarding potential
mineralization and resources, exploration results, and future plans and objectives of the Company
are forward looking statements that involve various risks. The following are important factors that
could cause the Company’s actual results to differ materially from those expressed or implied by
such forward looking statements: changes in the world-wide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. There can be no assurance that forward-looking statements will prove
to be accurate as actual results and future events may differ materially from those anticipated in
such statements. Big Tree undertakes no obligation to update such forward-looking statements if
circumstances or management’s estimates or opinions should change. The reader is cautioned not
to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.