IRVINE, Calif., Dec. 13, 2016 /PRNewswire/ -- Vasari Energy, Inc. ("Company"), a solar energy provider and developer of utility-scale renewable energy solutions, today announced the Company's investment round of preferred stock under Regulation D 506(c) of the Securities Act solely to accredited and institutional investors. With a high yield of 7% + potential for strong capital appreciation, the stock offers significant immediate and long-term growth opportunities.
Vasari Energy will offer up to $5 million in shares at $1 a share on the 7% preferred stock offering, creating an affordable entryway for accredited investors into the rapidly-expanding American solar energy market. The Company intends to use the proceeds from the Offering for the acquisition of purchase rights and technical feasibility studies for potential solar power plant site locations, corporate debt obligations, working capital, financing of possible acquisitions, capital expenditures and business expansion.
"We are very excited to announce this unique opportunity for investors to participate in the rewards of our country's vast growth in clean energy," said Steven Smith, VP of Investor Relations at Vasari Energy.
Vasari Energy's preferred shares offer accredited investors the potential for attractive capital appreciation, as well as the opportunity to participate in the build out of the nation's renewable energy sector and the creation of a more sustainable environment.
According the International Energy Agency (IEA), about half a million solar panels were installed every day around the world in 2015 and the global demand for clean, reliable energy continues to grow. The IEA forecasts that renewable capacity is projected to grow by 42%, or 845 GW, by 2021.
Vasari Energy is currently reviewing potential solar energy projects that would have an estimated power potential of 200 megawatts in California, Arizona and Texas, and a build out value of approximately $280 million. Through its various investments, the Company aims to reach operating capacity of 700 MW by the end of 2020; however in order to acquire the land necessary to build any solar power plants and then build the power plants, Vasari Energy must raise substantial funds.
Vasari Energy invites all interested broker dealers and accredited investors to contact Stephen Smith, VP of Investor Relations with inquires at email@example.com
The securities offered in the securities offering will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. For more information about Vasari Energy and complete investor materials such as investor presentations, financial papers and offering details, please visit: https://invest.vasarienergy.com.
About Vasari Energy
Vasari Energy, Inc. is a California-based solar energy provider committed to designing, developing and operating a global network of renewable energy solutions. The Company plays an active role in all phases of renewable energy generation, providing clean and reliable energy solutions that cultivate economic growth and sustainable communities.
Forward Looking Statements
This release contains forward-looking statements including, but not limited to, the offering of convertible preferred stock and the expectation of proceeds from the offering. This offering is available only to accredited investors, in accordance with Regulation D, Rule 506(c). Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements.
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SOURCE Vasari Energy