PALM BEACH GARDENS, Fla.,
June 4, 2015 /PRNewswire/
-- GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) a leading
energy provider for large-scale "Green" power plants in
Latin America and the Caribbean, today announced today that it has
formed a strategic financial relationship with Saulomon
Capital.
The Company announced today that they have formed a long-term
financial relationship with Saulomon Capital for funding for the
planned cogeneration power plant in Yucatan, Mexico. This WTE plant will
consist of a 100kw biomass to energy facility built as a scalable
power facility with a 2 mW/hr output by using organic municipal
and/or sisal waste.
Mr. Terence Byrne, CEO of The
Company said, "This financial relationship assists us in our
ongoing projects within Mexico. With Saulomon Capital as a
long term strategic financial partner, we can help bring workable
power solutions into Mexico to
help relieve their current power shortages."
The Company has also recently announced a Land Purchasing
Agreement with their Mexican subsidiary, Golden Age Resources
Mexico S de R.L. Construction of the Cogeneration Power
Plant is set to begin in Q4 of 2015, with an estimated build
time and installation of 6 months. Scheduled operation is set
to begin in Q2 of 2016.
Mr. Ahmed E Sheikh, Managing Partner at Saulomon Capital stated:
"We are very proud of our relationship with Golden Age
Resources. Our company continually researches solid companies
that are making a difference with which to invest. GDAR has
been making bold moves within Mexico in bringing profitable power solutions
to Mexico and we are proud to
partner with them in their endeavors."
This strategic investment will help to develop both commercial
and residential "Green" energy power production from both WTE and
solar powered systems.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core
business to technology and Latin American and International solar
energy markets providing project development, medium and long-term
finance solutions and investments into solar energy related
projects. This re-direction promises enhanced corporate and
shareholder values.
Forward Looking Statements: This press release contains
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward
looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to risks and uncertainties that could cause
future results to differ materially from the forward looking
statements. You should consider these factors in evaluating the
statements herein and not rely on such statements. The forward
looking statements in this release are made as of the date hereof
and Golden Age Resources, Inc. undertakes no obligation to update
such statements.
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SOURCE Golden Age Resources, Inc.