| Home : February 2012 : February 16, 2012 News : ecoTECH Energy Group, Inc. Secures Debt Financing Package of $55 Million from CFI to Facilitate Future Power Plant Production |
ecoTECH Energy Group, Inc. Secures Debt Financing Package of $55 Million from CFI to Facilitate Future Power Plant Production |
February 16, 2012
SEATTLE, WASHINGTON--(Marketwire - Feb. 16, 2012) - ecoTECH Energy Group, Inc (OTCBB:ECTH), headquartered in Seattle, WA, is pleased to announce that it has received a non-dilutive debt financing package from Corpfinance International Limited (CFI) to fund 60% or $55 Million CDN dollars of ecoTECH Energy Group (Canada) Inc.'s 5MW Power Plant and Aquaponic project in McBride B.C.
Colin Hall, Chairman and CEO of ecoTECH commented, "We are pleased to receive this commitment from CFI, one of the largest capital pools in Canada and look forward to building our operations in McBride, B.C. We believe that this project will be the start of a major regeneration of the industry in the area and that the economic opportunities to attract businesses will be ample. We are working with Corpfinance to complete the confirmatory due diligence process and to receive final approval of CFI's investment committee."
http://www.marketwire.com/mw/release.do?id=1620614&sourceType=3
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