Arrow Approves Funding Plans From LOGX Capital
March 18 2013 - 9:11AM
Business Wire
The Board of Directors has approved a funding package presented
by the LOGX Capital Group, LTD of Hong Kong to fully implement it's
business plan to develop sustainable plantations as well as to
build two ethanol plants in Indonesia. LOGX Capital Group, LTD is
the lead equity investor utilizing international funding programs
for large scale infrastructure projects in developing countries.
The proposed package is sufficient to completely develop all
plantation operations, the ethanol plants (with capacity of one
million liters per day each) and to meet all the Company's current
and future obligations of this program. The Company anticipates
completion of the financing within 30-45 days subject to completion
of all multi-party agreements.
About Arrow Resources Development, Inc.
Arrow Resources Development, Inc. develops and coordinates
corporate operations, finance, sales and marketing activities along
with the administration of the corporate citizenship programs for
natural resource development companies in the Asian market. Its
initial relationship with Arrow Pacific Resources Group Limited
(BVI Company) is for the development of large scale
plantation/farming operations and Ethanol plants in Indonesia and
the Pacific Basin. Arrow's agreements entitle the Company to 10% of
all gross revenue generated by all their partners'
plantation/farming including any and all sales of natural resources
and derivative products. For more information about the company,
please visit their website at www.arrowrd.com.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the 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, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that continues to be dependent
upon outside capital to sustain its existence. 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 may differ materially from expected results.
Arrow Resources Developm... (CE) (USOTC:ARWD)
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