Big Tree Signs Letter Agreement to Sell Biodiversity Business Plan
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Big Tree Signs Letter Agreement to Sell Biodiversity Business Plan
NEWS RELEASE FOR IMMEDIATE RELEASE
February 24, 2025 TSXV Symbol: BIGT
Toronto, Ontario, February 24, 2025 – Big Tree Carbon Inc. (the Company” or Big Tree”)
(TSXV:BIGT) is pleased to announce that the Company has signed a letter agreement dated
February 21, 2025 (the Letter Agreement”) with 1001089934 Ontario Inc. (the Purchaser”)
whereby Big Tree will assign and transfer 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).
Letter Agreement Terms and Conditions
Big Tree will transfer 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,
in consideration for a $1,000,000 Promissory Note, Preferred Shares 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.
Closing of the Transaction (the Closing”) is subject to the fulfillment of certain conditions
precedent as are customary for transactions of this nature including final approval from the TSX
Venture Exchange.
On Closing, the Purchaser will change its name to NANAVERSE Inc. and issue the Promissory
Note and Preferred Shares to Big Tree. Ian Brodie-Brown, Director of Business Development and
a member of the Board of Directors of Big Tree, who developed the Biodiversity Business Plan,
will resign as a director of Big Tree and become the Chief Executive Officer of NANAVERSE
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Inc. Dominic Doull, the President and sole director of the Purchaser, will continue as the President
and sole director of NANAVERSE Inc.
The Purchaser will seek financing for the NANAVERSE Project following Closing. Once the
Purchaser has raised a minimum of $4 million, the Promissory Note will be paid.
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 year 2025 marks an era of tremendous pressure on our ecosystems, created by 8.2 billion
people and a $110 trillion dollar global economy. The NANAVERSE Project has an answer to
the human relationship with the planet, through a financial mechanism that recognizes and values
our dependence on Nature.
The key economic construct of the NANAVERSE is The infinity L
P. This construct
introduces a financial accounting that respects our place within the Natural system by providing
‘A filter’ for FIAT currencies. This process was developed to reverse the damage done by
underwriting the creation of capital through the removal of the earths living natural assets, by
passing the FIAT money created, back through 20 year biodiversity stewardship projects.
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 focused
on developing Biodiversity Stewardship projects, based in Ontario, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O. Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
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
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
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.