Miami Florida – (OTC Markets) – Rainforest Resources Inc. (“RRIF”), as announced in the Press Release dated July 7, 2020, has signed a Letter Of Intent (LOI) for the further acquisition of approximately 9,190 hectares of rainforest and highlands property in San Vicente de Cambugan, Ecuador.
The company is informing that is is in the last stages of finalizing the acquisition of these lands and turning them into a new protection area with high biodiversity of endemic flora and fauna.
This company is currently awaiting the verification of titles to the property within the next few days. The company will disclose details of the sales and purchase agreement in detail on the company website, as well as OTC Markets.
The property in San Vicente de Cambugan, Ecuador has a semi-wet equatorial mesothermal climate with four to five climatic floors, located in the hotspot of tropical Andes with various waterfalls, high biodiversity of endemic flora and fauna, and around 45,000 plant species as well as around 3400 vertebrates.
San Vicente de Cambugan is one of the hotspots in Ecuador where many endangered species live such as the Spectacled Bear and a rare species of hummingbird known as the Black-Breasted Zamarrito or Puffleg. According to the International Union for Conversation of Nature (IUCN), the Puffleg is one of the most threatened species in the world, with less than 300 remaining in the wild due to deforestation and climate change. With the acquisition of this protected land, Rainforest Resources takes another step in its mission to save these endangered animals from extinction and keep these important ecosystems intact.
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