Capital Reserve Canada Ltd. (OTCBB:CRSVF - News) ("CRC" or "the Company") is pleased to announce that it has completed and filed with the SEC its Form F-1 Registration Statement. Upon the effectiveness of the companies Registration Statement, the company will prepare to drawdown on its equity credit line with Auctus Private Equity which has been increased to 20 million dollars from the previous amount of 10 million dollars. Monies raised from the equity line will go towards its development of the Salt cavern storage facility to be located on its property in Two Hills Alberta.
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 Aug 19, 2010.