Stratos Renewables Corp. (SRNW.OB) Completes Share Exchange Agreement and Receives $10 Million in Financing for Renewable Fuel Production
Stratos del Peru S.A.C. recently announced the finalization of a Share Exchange Agreement with Stratos Renewables Corp. (SRNW.OB) and the completion of millions in financing. Stratos secured $10 million in financing which will enable the company to expand capacity of its current sugar mill, Estella del Norte, in northern Peru, up to 700 tons of sugar cane per day; allow the company to repay debt; and allow for the completion of relevant, feasibility studies. The $10 million in financing will also assist the company in reaching its goal to become a leading sugarcane ethanol company in Latin America. Stratos envisions…