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| 8-K - FORM 8-K DATED MARCH 26, 2010 - York Resources, Inc. | form8k032610.htm |
Revonergy
Inc. Announces Private Placement Financing
Renewable
Energy Company Operating Globally Successfully Completes USD $400,000 Private
Placement
LONDON,
Apr 29, 2010 (BUSINESS WIRE) -- Revonergy Inc. ("Revonergy" or the "Company"),
(symbol RNRG-OTCBB) announces the Company has successfully completed a private
placement financing for USD$400,000.
Hong
Kong-based Mandarin Venture Capital Inc. has subscribed to purchase 1,333,333
common shares of par value $0.001 (the "Shares") of Revonergy stock at the price
of $0.30 per Share for total consideration of $400,000, plus warrants entitling
the subscriber to purchase an additional 666,667 common shares at the price of
$0.40 per share until 31st March 2011.
The
Shares were issued pursuant to Regulation S as an exemption to the registration
provisions under the Securities Act of 1933, as amended (the "Securities Act"),
and are "restricted securities" within the meaning of Rule 144 promulgated under
the Securities Act.
The
proceeds from this private placement will be used for general working capital
purposes towards the Company's operations.
About
Revonergy Inc.
Revonergy
Inc. is engaged in the acquisition, design, development and operation of
renewable energy power plants globally. The Company is focused on
renewable energy projects that have the potential to generate long-term stable
cash flows and renewable energy credits. For more information see
www.revonergy.com
IMPORTANT
DISCLAIMER:
THE
FORWARD-LOOKING STATEMENTS CONTAINED HEREIN (SUCH AS STATEMENTS RELATING TO THE
FUTURE ANTICIPATED DIRECTION OF THE INDUSTRY, PLANS FOR FUTURE EXPANSION,
VARIOUS BUSINESS DEVELOPMENT ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE
FUNDING SOURCES, ANTICIPATED SALES GROWTH AND POTENTIAL CONTRACTS) INVOLVE
IMPORTANT RISKS AND UNCERTAINTIES THAT COULD SIGNIFICANTLY AFFECT ANTICIPATED
RESULTS IN THE FUTURE AND, ACCORDINGLY, SUCH RESULTS MAY VARY MATERIALLY FROM
THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENT MADE BY OR ON BEHALF OF THE
COMPANY.
SOURCE:
Revonergy Inc.
Revonergy
Inc.
Jason
Knox, Investor Communications
+44 207
993 5700
jason.knox@revonergy.com