Vancouver, British Columbia, November 27, 2012 - GreenAngel Energy Corporation (TSXV:GAE) announces non-brokered private placement.
The company plans to raise a maximum of $100,000 from accredited investors by issuing 1 million units at $0.10, with the directors of the company subscribing to a minimum of 310,000 units. Each unit is comprised of one common share and one share purchase warrant, with each warrant entitling the holder to acquire an additional share at an exercise price of $0.10 for a two-year period.
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GreenAngel Energy is the first publicly traded company that invests solely in emerging private green technology companies. The company provides 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. GreenAngel focusses on commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, winds and solar. The company also works with companies that deploy or manage technologies and processes that reduce greenhouse gas emissions.
Companies in the portfolio include dPoint Technologies (www.dpoint.ca (http://www.dpoint.ca/)), which develops novel polymer membranes and energy recovery devices that significantly improve the energy-efficiency of heating, ventilating and air-conditioning systems used in buildings.
Other companies include Delaware Power Systems (www.delawarepowersystems.com (http://www.delawarepowersystems.com/)) a world leader in the development and commercialization of a standardized battery platform to power electric vehicles and backup power systems.
Habitat Enterprises (www.habitatenterprises.ca (http://www.habitatenterprises.ca/)) has a three-year track record of creating online software products that help organizations make money by investing in renewable energy projects.
Light-Based Technologies (www.lightbasedtechnologies.com (http://www.lightbasedtechnologies.com/)) has developed and is commercializing a unique control technology for LED lighting.
Paradigm Environmental Technologies (www.microsludge.com (http://www.microsludge.com/)) has developed a patented technology that significantly enhances the capacity and capability of municipal wastewater treatment plants and industrial facilities. One of the benefits of Paradigm's technology is that it significantly reduces the "digestion" time needed for a facility to process waste, thus avoiding plant expansion and the associated land and capital costs required as a community grows.
For the last three years REV Technologies (www.revtechnologies.ca (http://www.revtechnologies.ca/)) has focused its development on vehicle technologies that allows for the two-way exchange of electricity with the power grid, enabling electric cars to become a versatile storage resource for renewable power.
Mazza Innovation (www.mazzainnovation.com (http://www.mazzainnovation.com/)) is leading the development of plant extraction technology with the use of pressurized low polarity water. As opposed to traditional methods of extraction which use solvents, Mazza's technology reduces health and environmental hazards by using only water to extract phytochemicals such as antioxidants and other health-promoting bioactive compounds found in fruits, vegetables, and grains. These compounds are then incorporated into products such as functional foods, pharmacology, and cosmetics.
GreenAngel is currently trading at $0.10 and with 15.8 million shares outstanding, is capitalized at approximately $1.6 million.
For a more information, please visit GreenAngel's website at www.GreenAngelEnergy.ca (http://www.greenangelenergy.ca/), or contact company CEO Bruce Schmidt at 778-782-7758 or email bruce@greenangelenergy.ca (mailto:bruce@greenangelenergy.ca)
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