Compliance Energy Corporation is a Canadian resource company that was incorporated under the provisions of the British Columbia Company Act on July 27, 2000, and on August 30, 2002, changed its name to Compliance Energy Corporation.
Compliance’s main properties are its approximately 29,000 hectares of freehold coal and mineral interests and 2,046 hectares of Crown Coal licenses in the Comox Coal Basin on Vancouver Island, B.C. Through the Comox Joint Venture agreement, Compliance owns 60% of these interests and Itochu International and LG International own 20% respectively.
In addition to 60% of the coal and mineral interests, Compliance Energy Corporation holds freehold rights or has the crown license application rights to 100% of the gas interests over the same 29,000 hectares. While the Comox Basin has significant exploration upside potential, the Comox Joint Venture is focused on developing the Raven Coal Deposit and the nearby Bear Coal Deposit.