Financing details could be coming to fruition any day now folks...
Press Release Source: Pavilion Energy Resources, Inc. On Tuesday November 30, 2010, 10:03 am EST
LOS ANGELES, CA--(Marketwire - 11/30/10) - Pavilion Energy Resources, Inc. (Pinksheets:PVRE - News). The company is close to securing breakthrough financing contracts and securing necessary expansion funding.
Areas of strong progress are:
A European institution is finalizing terms for initial wind group investment of 10 million Euros.
WIND POWER
CHINA: PVRE's Beijing team is negotiating:
1) Government-backed funding for large-scale accelerating turbine manufacturing in China.
2) An existing turbine factory which is ready to manufacture our accelerating turbines for global export.
3) A shipyard partner ready to mass produce offshore turbine support platforms.
4) A permitted offshore wind farm as anchor customer for $4 billion of turbines.
USA: IDAHO: the JV is breaking ground for the first accelerator turbine. Developer LA Wind reports that $100 million project financing is progressing well.
FLORIDA: The JV has made a strong proposal to NASA and Florida State to install 3,000MW wind turbines at Cape Canaveral, Florida. See: www.pvre.biz/florida
IRON ORE - GOLD MINES
PVRE's 33% owned Mining Division is identifying/developing rare-earths, iron ore and gold resources with direct ship-borne iron-ore export routes to China. PVRE is now offering future iron-ore supply contracts to Steelmakers.
PVRE is considering a possible spin out of a new pure-play metals mining company via a share dividend. See: www.gold-and-iron.com
PVRE expects more deal-news flow, possibly resulting in strong capital appreciation.
See: www.pvre.biz
AI
