Biomass Secure Power Inc. Announces Application for Listing on TSX V
February 28 2014 - 2:50PM
Marketwired
Biomass Secure Power Inc. Announces Application for Listing on TSX
V
ABBOTSFORD, BC--(Marketwired - Feb 28, 2014) - Biomass Secure
Power Inc. (OTC Pink: BMSPF) (the "Company") is pleased to announce
that, under the sponsorship of Canaccord Genuity Wealth
Management ("Canaccord Genuity"), the Company will apply to become
a publicly listed company on the TSX Venture Exchange.
The Company also announces a private placement of $250,000 of
convertible debentures. The debentures will not accrue
interest and will be due eight months after closing of the
Offering. The principal amount is convertible at a conversion
price of $0.10 per Share unless converted at maturity in which
event is convertible at a conversion price of $0.09 per
Share. The proceeds of this placement will primarily be used
to pay costs related to listing on the TSX-V.
Canaccord Genuity meets investors' individual needs by searching
the globe for investment opportunities. Drawing from their global
network, they look at both the bigger picture and the finer
details. This enables Canaccord Genuity to deliver long-term
investment strategies, as well as informed, near-term solutions
that make a difference locally to wealth management clients in
Canada, Australia, the UK, and Europe. Canaccord Genuity is a
global, full service investment bank focused on growth companies,
with operations in 12 countries worldwide and the ability to list
companies on 10 stock exchanges.
In Canada, Canaccord Genuity is a leading, independent wealth
management firm. Their advisors are entrusted with over $10 billion
of assets under administration by clients across the country.
About the Company Biomass Secure Power Inc. is incorporated in
the Province of British Columbia. The Company's Business Plan is
based upon the construction of a pellet plant and chipping facility
at the Port of Natchitoches, Louisiana. Phase One of the Plant
consists of three production lines capable of producing over
1,000,000 tonnes of pellets per year. The Company projects that
long term off-take agreements for the sale of all of Phase One
production will be in place prior to construction ground breaking
planned for summer 2014. Public filings and financial
information on the Company can be found at: www.sedar.com.
Safe Harbour Statement: This information includes certain
"forward-looking statements." The forward-looking statements
reflect the beliefs, expectations, objectives and goals of the
Company management with respect to future events and financial
performance. They are based on assumptions and estimates, which are
believed reasonable at the time such statements are made. However,
actual results could differ materially from anticipated
results.
On Behalf of the Board, BIOMASS SECURE POWER INC.
"Jim
Carroll" Jim Carroll President and CEO Contact: 604 807
4957 www.biomasssecurepower.ca
Biomass Secure Power (PK) (USOTC:BMSPF)
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