Greenbelt Resources raises $550,000

By Greenbelt Resources Corp. | December 10, 2014

Greenbelt Resources Corp., a provider of sustainable energy production systems, has announced that it has successfully achieved its goal of raising $550,000 from individual qualified accredited investors. The investments were offered in the form of either restricted common stock or unsecured interest bearing convertible debentures, with substantially all of the proceeds directed to common stock purchases.

The net proceeds will be used for working capital needs including the transition of the company’s existing R&D facility to an operational biorefinery. The funds will also allow Greenbelt Resources to conduct target market research to identify feedstocks that provide the highest potential financial returns from conversion to commercially viable products including advanced biofuels, feed and fertilizer.

“We have reached a significant point in our company’s evolution,” said Greenbelt Resources CEO Darren Eng. “Our technology has been validated by our customers. Investors now recognize the validity of our approach making Greenbelt Resources an ideal energy company for growth opportunities through expanded deployment of its systems to process financially feasible feedstocks.”