KL Energy Corp. (KLEG.OB) Receives Multi-Million Dollar Capital Infusion despite Tough Economy
KL Energy Corp., a leading producer of second-generation cellulose-based ethanol (CBE), Friday announced it has secured $4 million of additional capital, which will fuel its efforts to hold its competitive position in the alternative energy market. Steve Corcoran, recently appointed CEO of KL Energy, said that even in such taxing economic times, the company’s operations and growth allowed it to attract investors who see the potential for its technology. "In spite of the current economic environment we were able to secure additional capital to continue our growth initiatives. This capital infusion is verification that KL Energy Corp. is positioned to…