27 Nov Carbon Sequestration
HOP2IT CO2 Carbon Sequestration
Hop2it Australasia Pty Ltd ACN 632 727 112
15 November 2021
FOR IMMEDIATE RELEASE– Company Has Completed an Acquisition
HOP2IT ACQUIRES OZY SCOPE LIMITED
Hop2it Carbon Sequestration Asset
Brisbane, Queensland, Australia November 15, 2020 – HOP2IT AUSTRALASIA PTY LTD (“Hop2it”) ACN 632 727 112, an Australian asset manager working in the Green Sector on Carbon Sequestration and other food, wellness and organic projects, today announce the Company has reached a binding agreement with the Directors, to acquire the full shareholding of OZY SCOPE LIMITED CN 1-102385, a company incorporated in Port Moresby, Papua New Guinea. Ozy Scope holds the Joint Venture and Development Rights with the Landowners of a number of Land Parcels totalling 1 million hectares (2.47 million acres) of Rainforest.
The Purchase of the Shares in Ozy Scope Limited competes the acquisition and further increases Hop2it’s assets. Ozy Scope Limited have acquired the rights over the significant area of virgin Rainforest in Papua New Guinea which will provide Hop2it with over one million hectares (2.47 million acres) of rainforest for Carbon Sequestration and the production of Australian Government certified Carbon Certificates.
The acquisition is also expected to result in greater efficiencies and revenue to native Landowners and the PNG Government. Like Fiji, Papua New Guinea’s carbon sequestration programs are overseen by the Australian Government and we see this as strong advantage in Hop2it’s dealings in that Island Nation, and the addition of more Rainforest as we meet milestones with indigenous Landowners.
We will continue to operate under the name of Ozy Scope Limited and will retain the Accounting Firm Kowas Chartered Accountants in Port Moresby for this purpose, who have a detailed understanding of Australian taxation and corporate governance laws. Under the terms of the agreement, Ozy Scope Limited has agreed to issue instructions to Kowas Accountants to issues their Shares to Hop2it on or before 25th November 2021 upon which Hop2it will pay the consideration for the Shares and Rights in the value of AUD$2.47 per acre in an intercompany share transaction.
About Hop2it CO2 Partner Programs
Hop2it Director/s became involved with Carbon Sequestration in the late 90’s working on software projects instigated by Al Gore. Through last decade and the Paris and Kyoto accords, the Governments of the USA, Australia and others were indifferent to Climate Change and hence the use, and price of Carbon Credits has been a longstanding problem, making commercialisation difficult. With the more recent COP26 Conference in Scotland, this has done a lot to stabilise the Carbon Price per Tonne world-wide. We have moved quickly to re-establish Hop2it CO2 Partner Programs for forestry under our own plantation management of Moringa and other trees of choice, on Mining Tenements Hop2it has acquired as assets in 2021. The acquisition of Ozy Scope Limited sees approximately 2.47 million acres (1 million hectares) of pure untouched Rainforest producing approximately 210 tonnes (or 46,2971lbs of CO2 per hectare across 1 million hectares, or CO2 x 210,000,000 tonnes. The company will produce Certified Carbon Certificates annually to sell (say USD$20.00) at auction over the Blockchain.