GRNO Secures US $2 Million Line of Credit With TCA Global Credit Master Fund to Build State-of-the-Art Facility in Montana
June 20 2012 - 1:30PM
Marketwired
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.
Green Oasis - "Green today for a stronger tomorrow"
About Green Oasis Environmental, Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, injection water, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state-of-the-art technology, GRNO will be able to process
these waste products at one of their facilities.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil (unrefined, non saleable
oil) into pipeline standard crude. Its first facility has proven
its capabilities to process up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP has enjoyed recent
expansion by opening a state-of-the-art facility in Montana, home
of the Bakken (www.bakkenblog.com) and Three Forks plays, said to
be two of the largest oil plays in North America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor Statement
Statements about the Company's future expectations and all other
statements 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
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 info@thestockalerts.com TCA Global Credit Master
Fund For more information: info@trafcap.com www.trafcap.com
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