Capital Reserve Canada Ltd. (OTCBB:CRSVF)
Capital Reserve Canada ("CRC" or "the Company") is pleased to announce that it has executed a definitive agreement for equity financing of up to $10 million from Boston-based Auctus Private Equity Fund, LLC. The company will draw on the funding as required to fulfill the financial requirements for it Two Hills Environmental project.
CRC is required to file an effective S-1 Registration Statement for the securities and will file with the Securities and Exchange Commission in the coming weeks.
“With this commitment we have addressed the funding needs of the project to ensure the future growth the Company”; stated Steve Claussen CRC’s CEO and President. “ We looked at many funding opportunities for the project in order to find the best fit and I believe we found that right fit with Auctus Private Equity” Added Mr. Claussen.
About Auctus Private Equity Fund, LLC
Auctus Private Equity Fund LLC., is a Boston based private equity firm that specializes in providing funding to small, medium and large publicly traded companies in all industries.
CRC is a growing environmental technology solutions firm, developing industrial-scale projects that address current environmental concerns. Specifically, Two Hills (a wholly-owned subsidiary of CRC.) is establishing itself as a leader in the emerging greenhouse gas mitigation industry (e.g. Carbon Capture & Sequestration) as well as several other developed and emerging environmental industries including: industrial waste recycling and disposal, biofuels / bioenergy production and environmental services and remediation. CRC’s board of directors is led by former Premier of Alberta Mr. Don Getty.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding the company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company’s latest 20-F dated July 15, 2009.