Green Energy Solution Industries, Inc. (PN) (USOTC:GESI)
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5 Years : From Jul 2014 to Jul 2019
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI) announced
today that it has reached a milestone for its funding source for the
capital investment of money for the state of the art renewable energy
plant in Alberta Canada, by recently achieving the raise of escrow money
required for the funding through a private raise from parties through
investment from private parties.
Per the agreement with InREFCo for the funding, GESI made the raise of
necessary capital for placement into escrow to further make the delivery
of funds from the source for the $45 million plant in accord with the
funding plan. GESI was able to raise the necessary escrow clearance
funds through private placement of restricted shares to long term
investors. The funds will be held in escrow under the capital investment
agreement until delivery terms and delivery of the first funds occurs.
Under the agreement with InREFCo, the full funding terms have been met
for the guarantee terms and provision of funding as previously announced
GESI expects that there will be announcement in the short term of
funding and timeline for the plant build out utilizing waste rail ties
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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.