CANADA GROWTH FUND ANNOUNCES FIRST INVESTMENT

CALGARY, AB, Oct. 25, 2023 /CNW/ – Today, Canada Growth Fund Inc. (“CGF” or the “Canada Growth Fund”) announced a $90M investment in Calgary-based Eavor Technologies Inc. (“Eavor” or the “Company”), a Canadian geothermal energy company that has developed an innovative technology solution to produce clean, reliable baseload heat and power using a proprietary closed loop geothermal system (“Eavor-Loop™”). CGF’s investment will help maintain and support new permanent jobs in Alberta while ensuring that the majority of the Company’s workforce remains in Canada going forward.

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