GreenWorld Development, Inc. (GREW) Inks Prelim Agreement with Investor Group for $75M Private Placement
GreenWorld Development, focused on the production of alternative energy and sustainable renewable energy sources, today announced it has entered into an agreement with a group of investors to provide a $75 million private placement facility. The company will use the proceeds to finance the acquisition and improvement of the Laurinburg, North Carolina, Wood Pellet plant, as well as to complete the development of the company's biomass and waste to energy pipeline projects. GreenWorld CEO Leo J. Heinl noted the significance of the agreement in correlation with the company’s expansion plans. "This is an important step for the company's growth and…