- Active Energy Group has issued an update on the KAQUO Forestry & Natural Resources Development Corporation Canadian joint venture.

AEG says it has been advised by the three Métis Settlements partners in the group's KAQUO joint venture that they have received the findings of the Alberta Ministry of Aboriginal Relations investigation into the Métis Settlements handling of their participation in the joint venture.

The Métis Settlements have informed AEG that they have received Ministerial Order MSA-01/2015, which specifies certain conditions to be fulfilled, after which the joint venture can proceed.

The company says it is consulting with its Métis partners on those conditions, none of which it believes to be material, to formulate a strategy that will enable forestry operations to commence in January.

At 4:00pm: [LON:AEG] Active Energy Group share price was +1.15p at 6.7p

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