Green Energy Solution Industries, Inc., Updates Status on $50M Project Funding
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Green Energy Solution Industries, Inc. (OTC: GESI), project developer for a Waste-to-Energy project, in Alberta, Canada, issues a status update on the previously announced $50M irrevocable funding, for the construction of a gasification facility which will utilize waste railway ties for production of Green Electricity in Alberta, Canada.
Gordon McKay, CEO of Green Energy Solution Industries, announced today that: Jason Watson, CEO of InREFco, technology and funding provider has stated "Although things have taken a little longer than expected, I am extremely excited to be able to announce that the $50M funding, previously announced, is in the final phase and the project should be completely funded this 1ST. Quarter of 2013."
Gordon McKay, CEO of Green Energy Solution Industries, commented: "I would like to thank all of our investors for their continued support and patience. I am very much looking forward to the build out phase of the project, and plan to keep investors up to date on the progress."
About Green Energy Solution Industries, Inc .
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, to create economic stimulation, job creation, toxic waste removal, creation of energy, and to add to Canada's ever increasing renewable energy sources.
For more information:
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "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.
Investor Relations :
Green Energy Solution Industries, Inc.
Dave Zembek, 615-426-2565
KEYWORDS: North America Canada
The article Green Energy Solution Industries, Inc., Updates Status on $50M Project Funding originally appeared on Fool.com.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.