GreenWorld enters agreement with U.S. and Middle East Investors for private placement facility

Atlanta, June 1, 2012 – Atlanta based GreenWorld Development Inc., announced that the company entered into a preliminary agreement with a consortium of U.S. and Middle East investors, to provide a USD75M private placement facility.
 
Pursuant to the agreement, the proceeds will be used to finance the acquisition and improvement of the Laurinburg, North Carolina Wood Pellet plant and complete the development of the company’s Biomass and Waste to Energy pipeline projects.
 
The company is working with the facility providers to conclude the definitive agreement.
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