GESI - $45/#50M asset a done and binding deal !
GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise
1 hour 53 minutes ago
Vancouver, British Columbia CANADA, August 16, 2012 /FSC/ - Green Energy Solution Industries, Inc. (GESI - OTC Pink),announced today the Company has received the formal irrevocable funding commitment from the lender of the financing for its renewable energy plant in Alberta, Canada. The commitment has been accepted by the collateral provider and escrow of $200,000 has been released. Under the financing agreements the issuing bank and the lending bank are preparing the transfer of collateral to secure the financing. GESI has seen the financing for the project progress according to the plan set forth by the funding entities.
GESI expects that there will be announcements as to the next developments which should keep occurring in the short term of funding and timeline for the plant build out utilizing waste rail ties to energy.
The interview can be heard at www.stocktraderstalk.com.
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.
Green Energy Solution Industries, Inc.
David Zembeck, 615-426-2565