NACEL Energy Updates Corporate Financing
07 Octubre 2010 - 6:15AM
Marketwired
NACEL Energy Corporation (OTCBB: NCEN) (FRANKFURT: 4FC) (the
"Company") today confirmed it has now closed and received $300,000
in capital funding, being the amount due under a $300,000 Secured
& Collateralized Promissory Note executed earlier this year
with JMJ Financial. This Note is one of a series of similarly
structured Notes which, if all are closed and fully funded as
contemplated over the next 36 months, will provide NACEL with an
aggregate $4.3 million in capital funding.
NACEL Energy Chief Executive Officer, Mark
Schaftlein, stated:
"NACEL continues to invest in our core wind power business. In
addition to funding our six existing projects in Texas and Arizona,
the Company also intends to pursue opportunities in other States,
with the longer term goal of securing a larger portfolio of wind
energy assets than the Company possesses today, with enhanced
geographic and power market diversity."
Under the terms of NACEL's funding arrangement with JMJ
Financial future transactions are not a certainty, but are
dependent upon events, including, without limitation, the Company's
progress in developing its wind energy projects, its financial
condition and other business factors.
For further information, please refer to the Company's Form 8-K
previously filed on March 30, 2010 and the accompanying news
release issued the same day.
About NACEL Energy Corporation (OTCBB:
NCEN)
NACEL Energy is one of the first publicly traded companies in
America exclusively developing clean, renewable, utility scale wind
power. The Company currently anticipates generating an aggregate
130 megawatts of new wind power upon the commissioning of its
Snowflake project in Arizona, in addition to Leila Lake, Hedley
Pointe, Swisher, Channing Flats and Blue Creek, all located in the
Texas Panhandle. NACEL Energy was founded in 2006 and successfully
completed its IPO in December of 2007.
Read all NACEL Energy's past news releases at
http://www.nacelenergy.com/news/archive.html
NACEL Energy The WIND POWER COMPANY™
Notice regarding Forward-Looking Statements
Statements in this press release relating to NACEL Energy's
plans, strategies, economic performance and trends, projections of
results of specific activities, and other statements that are not
descriptions or historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is subject to risks and uncertainties, and actual results could
differ materially from those currently anticipated due to a number
of factors, which include, but are not limited to, risk factors
inherent in NACEL Energy's business. Forward-looking statements may
be identified by words such as "should," "may," "will,"
"anticipate," "expect," "estimate," "intend" or "continue," or
comparable words or phrases. This press release cautions that there
are no assurances that NACEL Energy will complete further funding
transactions, or, if further funding transactions do occur, the
number of potential transactions is uncertain and dependent on a
number of factors as noted in its Form 8-K filed on March 30, 2010.
In addition, NACEL Energy cautions that it must undertake and
complete many steps in the development model before the generation
of wind energy can commence. Among the numerous items which have to
be completed in this regard include, without limitation, obtaining
pertinent agreements and permits, construction of project
facilities, satisfying financial requirements and other burdens.
Interested persons are encouraged to read the SEC reports of NACEL
Energy, particularly its Annual Report on Form 10-K for the fiscal
year ended March 31, 2010 and its Quarterly Report on Form 10-Q for
the quarter ended June 30, 2010, for meaningful cautionary language
disclosing why actual results may vary materially from those
anticipated by management.
Contact: NACEL Energy Investor Relations 1-888-242-5848
Nacel Energy (CE) (USOTC:NCEN)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Nacel Energy (CE) (USOTC:NCEN)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024