For Immediate Release:
Nerox Energy Corporation receives first traunch of debt financing
Irvine, CA., (BUSINESSWIRE) January 8, 1998 - Nerox Energy Corporation (OTCBB:NROX) announced today that that it received its first traunch of debt financing. Subsequent traunches of the financing will be based on Nerox Energy achieving certain milestones.
Jack Utter, President and Chairman of Nerox commented, " This is an important first step in the turnaround of Nerox Energy Corporation. This will enable the company to take care of its corporate obligations and the future financings will allow the company to take advantage of pending merger/acquisition opportunities and the enormous opportunity we have in Alaska"
Nerox Energy Corporation is an emerging growth, fully integrated energy company with interests in oil & natural gas, coal and power plant development . The company's current primary focus is targeted on the development and marketing of the largest accessible high grade bituminous coal reserves in Alaska. The company's Jonesville Coal Mine is strategically located, offering ready access to both the Pacific Rim and domestic markets.
Financial statements in the press release other than historical facts are "forward-looking statements" within the a meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements(future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
Source: Nerox Energy Corporation |
