PASO ROBLES, Calif., Aug. 25, 2016 /PRNewswire/ -- Greenbelt Resources Corporation (OTC: GRCO), an innovator of sustainable energy production systems, announced today that it plans to raise $16M through a Regulation A+ public offering of freely trading shares priced at $0.20 per share. The company plans to build a local community-scale waste-to-energy ecosystem to convert local brewery and winery wastes into locally sellable products including renewable fuel, animal feed and liquid fertilizer.
On August 19, 2016, Greenbelt Resources Corporation filed with the Securities and Exchange Commission (the "SEC") a preliminary Offering Statement under Regulation A (Tier 2) relating to an offering of the Company's common stock at $0.20 per share by the Company and certain selling stockholders. The Offering Statement includes audited Financial Statements of the Company for the two years ended 2014 and 2015.
"After a thorough evaluation conducted by our two newest board members Joe Pivinski and Michael Nakamura, the Reg A platform was determined to be our best option to accept investment by investors interested in our planned rollout," shared Darren Eng, CEO of Greenbelt Resources. "By conducting a public offering of freely trading shares it gives investors more opportunity to participate in our planned growth worldwide."
In addition to deploying a portion of the capital raised to develop the aforementioned local-scale waste-to-energy ecosystem dubbed "PRECO" (for Paso Robles ECO-system), the company also plans to develop strategic target markets, establish additional ecosystem financing relationships, and conduct a targeted sales campaign to address local community needs worldwide.
Once qualified by the SEC the Company's shares will be offered to investors by the executive team and by the selling stockholders in lieu of the services of an underwriter. A share purchase is not limited to accredited investors but is subject to a minimum purchase amount of $5,000.00. The shares offered for sale will be freely trading shares.
About Greenbelt Resources Corporation
Greenbelt Resources Corporation™ is an award-winning provider of sustainable energy production systems focused on delivering modular solutions that enable the localized processing of locally generated waste into locally consumed products. The Company designs, develops and implements technology that makes the production of advanced biofuel reliable, practical and efficient. Controlled by proprietary automated controls, the Company's small-scale, end-to-end modular systems convert food, beverage and other cellulosic wastes into commercially viable advanced biofuels (bio-ethanol), animal feed, fertilizer and filtered water. For more information visit: www.greenbeltresources.com.
This press release does not constitute an offer of any securities for sale and contains certain forward-looking statements. For additional information visit the Greenbelt Resources investors page.
SOURCE Greenbelt Resources Corporation