Celestial Green Ventures PLC
Celestial Green Ventures PLC: : Leading Global Producer of REDD Carbon Credits lists
Celestial Green Ventures PLC / Key word(s): Capital Increase Celestial Green Ventures Plc: Leading Global Producer of REDD Carbon Credits lists Celestial Green Ventures Plc (‘9CG’) has this week taken the first steps in becoming the leading global producer of carbon credits by listing on the Deutsche Boerse. Celestial Green: founded by Ciaran Kelly and Dieter Huhne, has collated contracts entitling them to produce any type of carbon credit on close to 20m hectares (a land mass the size of Switzerland and Austria) in the Brazilian Amazon for the next 30 years. . Working in tandem with local landowners and municipalities, Celestial Green aims to become the leading global provider of REDD (reducing emissions through deforestation and degradation) carbon credits. By pursuing its listing Celestial Green is gaining access to global financial markets which will enable the company to rapidly roll out the production of credits across the current portfolio and allow the Company to double the size of their contract base to 40m hectares. Close to 4m hectares of the Celestial Green contract base are in the validation process. Celestial Green is currently pursuing a forward sales strategy in relation to these credits. With REDD carbon credits currently trading at over $10 this will enable Celestial to execute on its strategy and provide ethical, reliable and solid cash-flow based returns to investors. Celestial Green aims to raise EUR5m by issuing new stock to the market enabling it to pursue its ambitions of becoming the leading global producer of carbon credits from REDD. For further information please contact investorrelations@celestialgreen.eu www.celestialgreenventures.com Contact: Conor Barry Conor@celestialgreen.eu +353 86 061 5585 End of Corporate News 25.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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