Vancouver, BC, November 27, 2013 — GreenAngel Energy Corp (“GreenAngel”) (TSX-V:
GAE) is pleased to announce a non-brokered private placement to raise a maximum of $50,000 from the issuance of up to 714,286 units at a price of $0.07 per unit. Each unit is comprised of one common share in the capital of GreenAngel and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.10 for a period of two years.
Directors and officers of the Company have agreed to subscribe for units pursuant to the private placement. All securities issued under the private placement will be subject to a four-month hold period.
Proceeds from the private placement will be used for general working capital and to consider additional investments in emerging clean energy technologies.
The private placement is subject to receipt of necessary stock exchange approval.
ON BEHALF OF THE BOARD
About GreenAngel Energy
GreenAngel Energy Corp. is the first publicly traded company that invests solely in emerging private green technology companies. We provide an avenue for public investors to gain access to a portfolio of the most promising angel-stage investments across a spectrum of green technology sectors. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investor companies, GreenAngel also mentors and advises investors to help ensure these companies achieve commercial success. The firms include Delaware Power Systems, Mazza Innovation, Light-Based Technologies, Habitat Carbon Assets, mojio, DPoint Technologies, and Paradigm Environmental Technologies. For more information, please visit www.greenangelenergy.ca.
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.
For further information, contact:
Investor & Media:
GreenAngel Energy Corp.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements that reflect the expectations of management regarding the Company’s listing of its common shares on the TSX Venture Exchange. 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.