(Vancouver, BC, August 10th, 2015) GreenAngel Energy Corp. (TSX-V:GAE) is pleased to announce the appointment of Mr. Michael Walkinshaw to the position of Chief Executive Officer, effective immediately.
Mr. Walkinshaw has been a director of GreenAngel since 2014 and has played a key role in the evolution of GreenAngel into its new investing model focused on Revenue Based Financing. Mr. Walkinshaw has been in institutional venture capital since 2002, most recently with Fronterra Ventures, and prior to that, with Chrysalix Energy for 10 years. He also holds a CPA (C.A.) in British Columbia obtained from PriceWaterhouseCoopers in1993.
Mike Volker will serve as Executive Chairman, maintaining an active role in management as well as at the Board level.
Mike Volker said “The Board of GreenAngel is excited to have appointed Michael Walkinshaw to the role of CEO. Mr. Walkinshaw has been the driving force in the evolution of GreenAngel’s focus over the past year. We look forward to continuing those efforts.”
Michael Walkinshaw commented “I am honored to have been appointed to the role of Chief Executive Officer. I look forward to building a world class Revenue Based Financing Company focused on technology companies in Western Canada. My background and network will ensure a strong pipeline of top quality deals for GreenAngel as we build our portfolio of income yielding investments into privately held technology companies.”
Under the Company’s Stock Option Plan, GreenAngel has granted a total of 680,000 stock options to Mr. Walkinshaw. These options are exercisable at $.05, vest over a three year period and expire on August 4, 2020.
About GreenAngel Energy
GreenAngel Energy Corp. is a Revenue Based Financing company that purchases future revenue streams from technology and industrial companies in western Canada. This new financing option complements both debt and equity financing while allowing entrepreneurs to retain control of their own business. In addition, GreenAngel continues to manage existing investments in the clean energy sector, as well as providing strategic and business advisory services to ensure these companies achieve success.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
ON BEHALF OF THE BOARD
Michael C Volker
Chairman and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.