Rival Technologies Inc. (RVTI.OB) Receives Major Financing for TRU Process Development
One company that is truly on the rise is Rival Technologies Incorporated. Located in the town of Henderson, Nevada, Rivals transitions the TRU process technology from the lab to the pilot plant stage. This state-of-the-art upgrading process is designed to vastly improve the quality and economic value of heavy crude oil. Today Rival Technologies took a major step towards enhancing their future with the announcement that it has signed a financing agreement, which was previously announced on November 11, with no dilution to existing shareholders. The funding will be provided in three stages over the next 36 months for the…