WE WANT TO BE NB'S
Naveco Power is currently working to become New Brunswick’s first Community Economic Development Corporation (CEDC.) This would give New Brunswickers the opportunity to channel their investment dollars into their local economy. A CEDC is a pool of money raised by selling shares (or other eligible securities) to individuals in a defined community. These funds are controlled by a local group of officers and directors.
Who can invest?
An eligible investor must be at least 19 years of age and must be a resident of New Brunswick or corporation or trust that has a permanent establishment in New Brunswick.
How are the funds used?
In order to qualify, a CEDC project must have a measurable financial return.
HOW TO INVEST IN A CEDC
Potential investors will fill out an Expression of Interest (EOI) form. This does not mean you are committing to investing, but tells the company that you are interested in knowing more about the opportunity. An EOI form outlines what you would be purchasing, who is making shares available, what the total value of the offering should be and how the funds are to be used.
In order for a project to qualify, the project must have a measurable financial return and generate revenue.