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GreenAngel Energy (TSXV: GAE) Announces a non-brokered private placement

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The offering of up to $2 million in convertible debentures is available only to accredited investors. The debentures will be unsecured, will pay 8% interest with semi-annual compounding, paid monthly and will mature in 5 years. The debentures are convertible by the holders into shares at a price of $0.14 per share.

Additional Information:

Company: GreenAngel Energy
Website: http://greenangelenergy.ca/
Stock Symbol: TSXV: GAE
Date Published: Apr 17, 2015
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for Investmentpitch Media

GreenAngel Energy, symbol GAE on the TSX Venture Exchange, announced a non-brokered private placement.

The offering of up to $2 million in convertible debentures is available only to accredited investors.

The debentures will be unsecured, will pay 8% interest with semi-annual compounding, paid monthly and will mature in 5 years.

The debentures are convertible by the holders into shares at a price of $0.14 per share.

The company has the option to redeem the debentures after 3 years.

GreenAngel’s directors and management team have committed to subscribe for a minimum of $500,000 of the offering.

The proceeds of this offering will be used only to make investments in Revenue-Based Financing instruments and will not be used to fund operations.

GreenAngel Energy will provide financing to early revenue stage companies, and in return will receive a royalty on sales as opposed to a fixed payment.

Applicant companies will need to show attractive revenue growth and strong gross margins.

The company is a green energy technology commercialization company, focusing on renewable energy.

They also work with companies that reduce greenhouse gas emissions.

To ensure the success of their investments, GreenAngel Energy provides support to our investee companies through the provision of financial assistance as well as management services.

Through the purchase of the company’s common shares, retail investors can participate in high-growth, angel-level investment opportunities normally reserved for accredited investors.

The shares are currently bid at $0.06, and with 17.2 million shares outstanding, the company is capitalized at $1 million.

For more information on the company, including their portfolio companies, please visit their website www.greenangelenergy.ca or contact Michael Volker, CEO, at 604-644-1926 or email mike@volker.org.

I’m Amanda Rose Schellenberg for Investmentpitch Media
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