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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (13039)6/20/2012 1:54:58 PM
From: sidestyle1 Recommendation  Read Replies (1) | Respond to of 13091
 
interesting news out today:

GRNO Secures US $2 Million Line of Credit With TCA Global Credit Master Fund to Build State-of-the-Art Facility in Montana

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Green Oasis Envirnmntl (PN) (USOTC:GRNO)
Intraday Stock ChartToday : Wednesday 20 June 2012



Green Oasis Environmental, Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP), has received US $2 million line of credit from the TCA Global Credit Master Fund L.P. (TCA).

The recent funding secured from TCA has been appropriated to the brand new "state-of-the-art" Michels facility located just south of Wibaux, Montana. This includes the designing, materials, construction, administration, labor costs, and equipment required to construct this facility. Additional costs include the equipment required to process oil at this site along with a complete overhaul of the original infrastructure of the injection well. This facility has been in CCP's plans for a long time and has just now come to fruition. Construction of the facility is now 95% complete. More detailed information of this facility along with all its abilities and functions will be available shortly.

This facility will provide Green Oasis Environmental with a strong source of monthly revenue in the near-term.

"Along with our current expansion in the water injection business, our main goal is to become the single best option for reclaiming oil to pipeline specification from waste products such as slop oil and produced and pit waters," said CEO, Peter Margiotta, of Green Oasis Environmental, Inc.

TCA Fund Management Group ( www.trafcap.com) as the Investment Manager for TCA Global Credit Master Fund L.P. acts as an advisor to many small companies from its offices in the United States, United Kingdom, and Australia. TCA is a short duration, absolute return fund specializing in senior-secured lending to small, mainly listed companies in the US, Canada, Western Europe, and Australia. The team has a level of domestic and cross-border expertise, long-standing experience with funding innovations, as is reflected in the number of transactions completed. This is a specialist business with an investment approach that fills an important finance gap in many leading markets. TCA provides a unique conduit for investors seeking uncorrelated returns in the small cap debt universe.




To: Hawkmoon who wrote (13039)6/20/2012 4:01:27 PM
From: Charles A. King  Respond to of 13091
 
The site construction is still 95% complete, they are still working on it so there isn't any need to rush out there to see it. Might as well cool it for a while. They are saying they need a $2 million line of credit to finish it.

Audit still not done ...