| Home Page : Archive News : October 2013 News : GREENGOLD RAY ENERGIES ANNOUNCES THE ACQUISITION OF 6.074 ACRES OF FARM LAND, EQUITY CAPITAL RESTRUCTURING & REORGANIZATION: ADDED ASSET VALUE TO COMPANY | |
GREENGOLD RAY ENERGIES ANNOUNCES THE ACQUISITION OF 6.074 ACRES OF FARM LAND, EQUITY CAPITAL RESTRUCTURING & REORGANIZATION: ADDED ASSET VALUE TO COMPANY | |
|
October 09, 2013 GreenGold Ray Energies, Inc. {GREENGOLD} is "Fueling the Future"---- announces the acquisition of 6.074 acres of agricultural farm land in the Big Island of Hawaii on August 19, 2013, serving as the Company's first U.S.A. Jatropha Plantations Farm. The Company's goal is to increase more land acquisition from 5,000 to at least 24,000 acres or more in the U.S.A. No date yet was announced as to when the first plantation farm will be completed and be ready for the cultivation and production of Jatropha feedstock. GREENGOLD with its experienced and sophisticated "Green-Thumb Agronomist Team" led by its Chairman/Comptroller Datu Arthur Coloso and CEO Engr. Gil Salutim will train local skilled and unskilled farmers and laborers. Likewise this concept will be replicated as it expands in the mainland U.S.A. as well as its imminent expansion in the Continent of Africa; to put to good use of several marginal idle lands from the low flat lands, to steep hillsides or swamps, where GREENGOLD can cultivate jatrophas. GREENGOLD will reforest and not about the deforestation of the denuded lands, mountains and seashores where jatropha plants can be replanted; that no one will cut down trees because of its oil yield. Forecast Chart for a 1,000 Hectares Jatropha Plantation Jatropha Plantation =1,000 Hectares No. of Plant per Hectare = 2,500 per Hectare Total Seedlings for 1,000 Hectares = 2,500,000 + 5% (2,750,000 seedlings) Quarterly Seed Production per Hectare = 3 Tons per Hectare Total Yearly Seed Production on 1000 Hectares = 12,000 Tons Weight of Seed per Liter of Jatropha Crude Oil = 2.5 kgs. Jatropha Oil Yield = 35% to 40% crude oil Total Yearly Jatropha Crude Oil Produced = 4,800,000 Liters or (1,268,025.8 gallons) Total Jatropha Press Cake = 60% per ton of seeds Jatropha residual or glycerol = 15% to 20% per metric ton of crude oil 1 Liter of Jatropha Crude Oil after Transesterification = 800 ml Biodiesel Total Yearly Jatropha Pure Biodiesel Produced = 3,840,000 Liters of Biodiesel or (1,014,420.68 gallon) GREENGOLD further announces the issuance of its "Permit to Import Plants and Plants Products" issued by the USDA-APHIS-PPQ Agency that granted the Company a five (5) year expiration permit of August 16, 2018. Moreover, the U.S.A. Corporate Executive Office is being opened to commence during the 4th Quarter of 2013 in Raleigh, North Carolina under the expert executive management of Jason Rollins, the Company's USA Chief Administrative Officer. Furthermore, the Board of Directors recognized that capital re-structuring of the company's common stock securities was necessary and of paramount importance, thus the Board mandated the reorganization via corporate actions approved by 2/3 majority controlling shareholders' votes, for the benefit of all the company's current existing and future shareholders/investors. The reorganization included the issuance of the new CUSIP number with the effective date being set by FINRA. On the brighter future, GREENGOLD Ray Energies also hired the services of Pacific Stock Transfer of Las Vegas, Nevada. The Pacific Stock Transfer Company went above and beyond its excellent transfer agency services by also assisting GREENGOLD Ray Energies, Inc. in providing and filing of its adequate current information disclosures such as Form 8-K; the Current "15c2-11(a)(5) in accordance to the SECURITIES EXCHANGE ACT Of 1934 Pursuant To Section 13 or 15(d); Form 10Q's, Form 8-A as applicable; ergo making the Company to be current and fully compliant of the Company's obligations to disclose such information to the public and be posted, be submitted as required and/or be made available to the Commission under the SEC Exchange Act Rules 12g3-2(b), 12g3-2(e), or 12g3-2(f) via electronic Edgar filing. GREENGOLD Ray Energies Inc. has been in the forefront in Jatropha cultivations of alternative biofuel/biodiesel Jatropha productions which started its humble beginning in Mindanao Island, Philippines. The Philippines' GREENGOLD Nursery-Research & Development Center is an indigenous tribal organization independent from the U.S.A. GREENGOLD Ray Energies serving as the main supplier of all the jatropha seeds and plants. The GREENGOLD's business plan is to develop more Jatropha plantations in the U.S.A. and Africa thus increasing its Jatropha feedstock productions - the main source for alternative biofuel oil, in response to the ever increasing demands of these bio-green oil commodities. It is the vision to make GreenGold Ray Energies to be one of the main jatropha feedstock grower, producer and distributor of Jatropha oil-based biofuel worldwide. ABOUT GREENGOLD RAY ENERGIES URL: http://www.GreenGoldRay.com GREENGOLD Ray Energies, Inc. is a company duly incorporated and organized since August 4, 1982 in the United States under the jurisdiction of the State of Texas; changed its name to GREENGOLD Ray Energies on April 15, 2008, reflecting its two business enterprises: GREEN (alternative bio-green biofuel oil productions) and GOLD (exploration and production of gold, silver, platinum, diamond and other precious metals and minerals) in Africa and the Philippines. GREENGOLD Ray Energies, Inc. (GREENGOLD) primary business is a rapidly growing alternative, renewable bio-GREEN biofuel energy industry, using jatropha seeds to produce biofuel oil and its by-products: biomass & biogas. Jatropha curcas seeds grow almost anywhere, even on gravelly, sandy and saline soils; these are processed and refined to produce high quality Jatropha oil biodiesel. This alternative biofuel oil are used in a standard diesel car, airplanes, etc.; while its residues or by-products such as biomass are capable of powering an alternative form of electricity and the biogas are used as another source of fertilizer. "Jatropha plants once were wild growing and medicinal plants, have become the world's potential sustainable alternative renewable energy and biofuel source. They are plants that can remove harmful CO2 emissions from the atmosphere, thus protecting the environment and our planet. Jatrophas are very cost effective and can practically be grown anywhere as it can grow on top soil where food crops cannot. Jatrophas are the Seeds of Hope." GREENGOLD Ray Energies Inc. is committed to the implementation of sustainable alternative bio-green biofuel products, as well as the explorations, mining and the production of gold, silver, platinum, diamond and other precious metals; ergo representing the Company's additional profitable business endeavor, thus enhancing its Shareholders' Securities Equity Value; thereby achieving fiscal strength based on the principle of PROFIT-PEOPLE-PLANET. Management continues to focus on achieving PROFIT, while conducting business with utmost consideration and compassion for the PEOPLE and the protection of our PLANET and the environment. GREENGOLD Ray Energies is Fueling the Future. FORWARD-LOOKING STATEMENTS Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuels, other alternative energy, gold, silver, platinum, diamond and all other mineral explorations and productions. Penny Stocks are highly speculative and may be unsuitable for all but to very aggressive and high risk taker kinds of investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. GREENGOLD expects some known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by our forward-looking statements. The Company's projections regarding oil production in future periods; the factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, oil deposits and production costs; farming and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Several seasonal factors that cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to weather conditions, estimates of reserves and production costs; farming and development risks; the risk of commodity price fluctuations; political and regulatory risks. CONTACT: Investor Relations: SVC - Silicon Valley Connection Phone: (888) 352-4988 ext. 2 Email: IR@GreenGoldRay.com Source: http://www.1888pressrelease.com/greengold-green-energy/fueling-the-future/greengold-ray-energies-announces-the-acquisition-of-6-074-ac-pr-494237.html |
|
