GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise
16 Agosto 2012 - 8:00AM
Business Wire
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI)
announced today the Company has received the formal irrevocable
funding commitment from the lender of the financing for its
renewable energy plant in Alberta, Canada. The commitment has been
accepted by the collateral provider and escrow of $200,000 has been
released. Under the financing agreements the issuing bank and the
lending bank are preparing the transfer of collateral to secure the
financing. GESI has seen the financing for the project progress
according to the plan set forth by the funding entities.
GESI expects that there will be announcements as to the next
developments which should keep occurring in the short term of
funding and timeline for the plant build out utilizing waste rail
ties to energy.
The interview can be heard at www.stocktraderstalk.com.
About GESI Green Energy Solution Industries, Inc. is a project
developer for renewable energy projects in Canada. Utilizing
in-depth due diligence, GESI has developed business plans,
contracts and agreements with resource providers, land owners,
waste sources, technology providers, and government entities for
the placement of renewable energy projects. GESI is now a public
company with administrative offices in Houston, Texas and
operations in Alberta, Canada. For More Information on GESI see the
web site at www.gesienergy.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans,"" projected,"
"suggests," "may," "should," "could," "intends," or similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results to be materially different from any future results,
performance or achievements expressed or implied by such
statements. In particular, management's expectations could be
affected by, among other things, uncertainties relating to our
success in completing acquisitions, financing our operations,
entering into strategic partnerships, engaging management and other
matters disclosed by us in our public filings from time to time.
Forward-looking statements speak only as to the date they are made.
The Company does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made.
General European Strateg... (PK) (USOTC:GESI)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
General European Strateg... (PK) (USOTC:GESI)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
Real-Time news about General European Strategic Investments Inc (PK) (OTCMarkets): 0 recent articles
Más de Green Energy Solution Industries, Inc. Artículos de Noticias