Active Energy shares rise as investigation delayed

(ShareCast News) - An investigation into Active Energy's involvement in a joint venture which could have breached protected forest rules in Canada was delayed.Shares in the woodchip supplier rose to 1.9% to 5.86p at 1500 BST.The Ministry of Aboriginal Affairs of Alberta launched an investigation early last year into Active Energy's role in forestry joint venture KAQUO, which might of breached the Metis Settlements Act.AIM listed Active Energy said in a statement the company's management and administration were not under investigation.Chief executive Richard Spinks said Active Energy was frustrated by delays but remained confident in a positive outcome."A number of high-level meetings are anticipated in Alberta over the coming days which will represent important steps in securing government support for the major inward investment that KAQUO will be bringing to the province, and in finalising the due diligence process conducted by our international investment partner."