BioNitrogen Receives Financing for the Initial Plant Site
December 13 2013 - 9:42AM
Marketwired
BioNitrogen Receives Financing for the Initial Plant Site
WEST PALM BEACH, FL--(Marketwired - Dec 13, 2013) - BioNitrogen
Holdings Corp. (PINKSHEETS: BION), a cleantech company that
utilizes patented technology to build environmentally-friendly
plants that convert biomass into urea fertilizer, announced today
that it has received over $2 million in financing. The
majority of financing is in the form of a short term note for up to
6 months. In addition to funding the work related to signing the
engineering, procurement and construction (EPC) contract for the
initial plant, including the CCC Group, AMEC and the Casale Group
engineering and design work, funds will be used for non-EPC work
such as site, civil and environmental work related to the initial
plant, working capital and general purposes.
"We are pleased about this important step in BioNitrogen's
continued progress towards constructing its first plant," said
Bryan Kornegay, Jr., President and CFO of BioNitrogen. "This
financing continues the advancement of the initial plant and moves
us toward completing the EPC contract."
About BioNitrogen Holdings Corp BioNitrogen Holdings Corp.
(PINKSHEETS: BION) is a cleantech company that utilizes patented
technology to build environmentally-friendly plants that convert
biomass into urea fertilizer. Our mission is to provide safe, cost
effective, green solutions that are economically beneficial in
locations where biomass is produced and urea is consumed.
Additional information can be found at www.BioNitrogen.com.
Safe Harbor Statement The forward-looking statements contained
in this document involve risks and uncertainties that may affect
the Company's operations, markets, products, services, prices and
other factors as discussed in filings with the Securities and
Exchange Commission. These risks and uncertainties include, but are
not limited to, economic, competitive, legal, governmental and
technological factors. Accordingly, there is no assurance that the
Company's expectations will be realized. The Company assumes no
obligation to provide revisions to any forward-looking statements
should circumstances change, except as otherwise required by
securities and other applicable laws.
CONTACT: Adam Friedman Principal Adam Friedman Associates Email
Contact (917) 675-6250
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