Revonergy Inc.To Raise Equity With Chrystal Capital Partners - A Pennytobuck Stock Update
Revonergy Inc. Engages Chrystal Capital Partners to Raise $6.75M Equity Financing
Revonergy Inc. (OTCBB:RNRG) has appointed London based Chrystal Capital Partners LLP (Chrystal Capital), as their financial advisor to the company in its secondary round fundraising of $6.75 million of equity.
RNRG's first fundraiser was completed in April 2009 and brought in $400,000.
Chrystal Capital is a specialist capital-raising firm based in London that focuses on fund raising for small cap, mid market, and pre-IPO companies, with a particular focus on clean technology.
President and CEO of Revonergy Inc., Ravi Daswani stated Chrystal Capital is in a solid position to raise new equity for Revonergy. The principals of the firm have a strong track record of fund raising in the renewable energy sector.
Mustapha Omar, one of the partners at Chrystal Capital stated We think that Revonergys proven management team and coherent strategy within the renewable power generation market mean that it is well positioned to benefit from the growing shift in energy generation from fossil fuels to sustainable renewable sources.
Proceeds of the $6.75M raised will be for corporate working capital and to fund potential acquisitions that RNRG is currently reviewing.
Chrystal Capital is a specialist capital-raising firm, based in the City of London, advising both UK and international small and mid cap companies. Its market practitioners have extensive experience across corporate finance, equity research, sales, private equity and M&A. Chrystal Capital is authorized and regulated by the FSA. For more information see www.chrystalcapital.com
Revonergy Inc. is engaged in the acquisition, development and operation of renewable energy power plants globally.
RNRG is focused on renewable energy projects that have the potential to generate long-term stable cash flows and renewable energy credits. For more information see www.revonergy.com
Revonergy Inc., formerly York Resources, Inc. was incorporated in the state of Nevada on April 9, 2008. RNRG is authorized to issue 100,000,000 shares of common stock, with a par value of $0.001.
RNRG recently announced that its wholly owned subsidiary, Revonergy Biopower Limited (RBP) has entered into an Emission Reduction Purchase Agreement (ERPA) with Swiss based Vitol S.A. (Vitol), a member of the Vitol Group (www.vitol.com).
There is no telling where they will go. As Always Do Your OWN Research.
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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations.The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.
Revonergy Inc. (OTCBB:RNRG) has appointed London based Chrystal Capital Partners LLP (Chrystal Capital), as their financial advisor to the company in its secondary round fundraising of $6.75 million of equity.
RNRG's first fundraiser was completed in April 2009 and brought in $400,000.
Chrystal Capital is a specialist capital-raising firm based in London that focuses on fund raising for small cap, mid market, and pre-IPO companies, with a particular focus on clean technology.
President and CEO of Revonergy Inc., Ravi Daswani stated Chrystal Capital is in a solid position to raise new equity for Revonergy. The principals of the firm have a strong track record of fund raising in the renewable energy sector.
Mustapha Omar, one of the partners at Chrystal Capital stated We think that Revonergys proven management team and coherent strategy within the renewable power generation market mean that it is well positioned to benefit from the growing shift in energy generation from fossil fuels to sustainable renewable sources.
Proceeds of the $6.75M raised will be for corporate working capital and to fund potential acquisitions that RNRG is currently reviewing.
Chrystal Capital is a specialist capital-raising firm, based in the City of London, advising both UK and international small and mid cap companies. Its market practitioners have extensive experience across corporate finance, equity research, sales, private equity and M&A. Chrystal Capital is authorized and regulated by the FSA. For more information see www.chrystalcapital.com
Revonergy Inc. is engaged in the acquisition, development and operation of renewable energy power plants globally.
RNRG is focused on renewable energy projects that have the potential to generate long-term stable cash flows and renewable energy credits. For more information see www.revonergy.com
Revonergy Inc., formerly York Resources, Inc. was incorporated in the state of Nevada on April 9, 2008. RNRG is authorized to issue 100,000,000 shares of common stock, with a par value of $0.001.
RNRG recently announced that its wholly owned subsidiary, Revonergy Biopower Limited (RBP) has entered into an Emission Reduction Purchase Agreement (ERPA) with Swiss based Vitol S.A. (Vitol), a member of the Vitol Group (www.vitol.com).
There is no telling where they will go. As Always Do Your OWN Research.
For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyToBuck.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations.The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.
