RENW Receives Private Investment for Renewable Energy Projects

Name	Symbol	Market	Type
Legal & General UCITS ETF Plc	TG:RENW	Tradegate	Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.073	-0.75%	9.665	9.615	9.714	9.769	9.649	9.755	1,896	22:50:09

Legal & General UCITS ETF (TG:RENW)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Legal & General UCITS ETF Charts.

TAMPA, Fla, Aug. 9 /PRNewswire-FirstCall/ -- Renewable Energy Resources, Inc, (OTC:RENW) (BULLETIN BOARD: RENW) (http://www.renw.com/) today announced that a private investor has committed $750,000 to fund RENW and the Springfield Energy Project ("SEP"). RENW has already received the initial $100,000 from the investor for corporate operations. The remaining $650,000 will be available upon the financial closing of SEP. The investor is providing these funds to RENW in the form of a 5 year loan. Springfield Energy Project, LLC ("SEP") is the joint venture between RENW and Wastech, Inc. to acquire the Peabody #10 mine complex near Pawnee, Illinois. This acquisition encompasses approximately 600 acres permitted to reclaim coal fines and dispose of coal combustion waste (fly ash). RENW is in the final stages of completing the financing of the project. Once the property is acquired and the permit transferred, SEP will recover the approximately 4 million raw tons of slurry material (coal fines) located in Slurry Area No. 2. SEP also intends to tap into the existing methane wells on the SEP property and to explore other opportunities. Ken Brown, RENW's CEO, explains, "The investor's belief in RENW and the Springfield Energy Project is extremely gratifying. This investment is the last necessary step to completing the financing of SEP so that the company will begin generating revenue. We hope to close SEP and begin operations in a few weeks." "This announcement is the beginning of what I expect to be numerous encouraging corporate events in the next few months," continued Mr. Brown. "RENW's executive management has been working hard these past few months to create the framework for a strong company; a company balanced by revenues from clean renewable energy projects such as SEP and our promising technology, the Energy Commander." Mr. Brown further stated that he expects to release more information on SEP and the Energy Commander in the upcoming weeks. This includes details on SEP's final structure as well as contracts for the sale of coal and disposal of ash. About Renewable Energy Resources: Renewable Energy Resources, Inc., is an alternative energy company developing and acquiring technologies that create energy and fuel from previously untapped sources. RENW specializes in renewable sources of alternative fuels as well as its core low flow hydro technology, the Energy Commander Technology. Renewable Energy Resources is traded under the symbol RENW on the OTCBB and is based in Tampa, Florida. Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. DATASOURCE: Renewable Energy Resources, Inc CONTACT: Ezra Smith, Vice President of C. Jones Consulting, +1-727-771-9500, , for Renewable Energy Resources Web site: http://www.renw.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

RENW Legal & General UCITS ETF Plc