Minerco Resources, Inc.: Corporate Update
July 21 2011 - 9:45AM
Marketwired
Minerco Resources, Inc. (OTCQB: MINE) (PINKSHEETS: MINE), a
progressive developer, producer and provider of clean, renewable
energy solutions in Latin America, releases operational updates for
its Chiligatoro Hydro, Iscan Hydro and Sayab Wind Projects.
The Chiligatoro Hydro Project has been formally approved by the
local communities, local Municipality and its Environmental Unit,
Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's
Natural Resources and Environmental Ministry and Honduran National
Commission of Energy. The Project is being submitted to the Empresa
Nacional de Energia Electrical (ENEE) for its Power Purchase
Agreement (PPA). The PPA is the final step before Congressional
approval and start of construction.
The Iscan Hydro Project has received formal Municipal approval
and is preparing documentation for submission to SERNA. The 4 MW
Project is expected to start managed river measurements and
feasibility studies this year.
The Sayab Wind Project has received formal Municipal and
Environmental approval and has been submitted its initial
application to SERNA. The 100 MW Project is expected to begin
feasibility studies in this calendar year.
"We are very pleased with the progress of our Projects in
Honduras. We feel the time is right to start diversifying our
portfolio. We are evaluating expansion into other countries in
Central America. In addition, we are evaluating opportunities to
expand our business scope to include traditional energy plays (oil
& natural gas). The company intends to further leverage the
expertise of our management team by expanding energy development to
include traditional energy sources. The company believes combining
traditional energy sources with clean, renewable sources is a
responsible approach to energy development. Clean energy is
sustainable and long-lived, while conventional energy provides
higher rates of return in the short term," said V. Scott Vanis,
Minerco's President and CEO.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events. Although we believe that the expectations and
assumptions upon which they are based are reasonable, we can give
no assurance that such expectations and assumptions will prove to
have been correct. Some of these uncertainties include, without
limitation, the company's ability to perform under existing
contracts or to procure future contracts. The reader is cautioned
not to put undue reliance on these forward-looking statements, as
these statements are subject to numerous factors and uncertainties,
including without limitation, successful implementation of our
business strategy and competition, any of which may cause actual
results to differ materially from those described in the
statements. We undertake no obligation and do not intend to update,
revise or otherwise publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of any unanticipated
events. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our
expectations will materialize. Many factors could cause actual
results to differ materially from our forward-looking
statements.
Please contact: Minerco Resources, Inc.
info@minercoresources.com 281-994-4187
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