Amazonica Corp. Announces $325,000 Financing for the R&D of the Ultra Pure Hydrogen Project
14 Janvier 2014 - 2:30PM
Marketwired
Amazonica Corp. Announces $325,000 Financing for the R&D of the
Ultra Pure Hydrogen Project
LAS VEGAS, NV--(Marketwired - Jan 14, 2014) - Amazonica
Corp. (OTCBB: AMZZ) (OTCQB: AMZZ) ("Amazonica" or the "Company") is
pleased to announce that on October 24, 2013 the Company closed a
$300,000 financing, and on January 3, 2014 it closed a
further $25,000 financing with Anton Group Hill Ltd.
The offerings were undertaken by way of unsecured convertible
promissory notes convertible into common shares at seventy-five
percent of the preceding five day trading average. The notes are
convertible by the Holder at any time prior to the two year
maturity date. The securities referred to herein will not be
or have not been registered under the United States Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration rights.
"I am very pleased with the closing of the financings as they
enable the Company to move forward with its ultra pure, low cost
hydrogen project," stated Michael Soursos, CEO. "Our team is
currently preparing the next stages of development on the project
and I expect to have further news out shortly."
About Hydrogen Hydrogen is the simplest, most prolific, and
lightest element in the universe. Hydrogen is not normally
available in a gaseous state in our environment, since it readily
combines with oxygen to form water, or with carbon to form fossil
fuels such as crude oil, natural gas, or coal. Hydrogen has a
number of uses, including in the manufacture of ammonia, but it is
its potential as a fuel that is attracting significant interest and
investment. It has been possible to construct or convert internal
combustion engines to run on hydrogen for some time, but safety and
storage concerns prevented any wide scale use. Recent advances in
technology, particularly in fuel cells, allied to the environmental
concerns from burning fossil fuels, have caused a re-evaluation of
hydrogen as a power source.
First discovered by German scientist Christian Friedrich
Schönbein in 1838, fuel cells are only now coming to widespread
attention, in a large part due to their potential to replace the
internal combustion engine in cars and commercial road vehicles.
Fuel cells chemically convert hydrogen to electricity to provide
power, emitting only water vapor as a waste product in the
process.
All major car manufacturers have, or are planning, hydrogen fuel
cell powered vehicles, and there are already hundreds of hydrogen
fuel cell powered buses on the streets of the world's major cities.
Fuel cell powered vehicles are more energy efficient than internal
combustion powered vehicles, can be refueled in a matter of minutes
and can travel for hundreds of miles between refueling. In addition
to road vehicles, hydrogen fuel cells are also being investigated
for their potential in airplanes, submarines and boats, smartphones
and other electronics, food preservation and emergency power
systems.
The most common methods of producing hydrogen at the moment are
by stripping the carbon atoms out of compressed natural gas using
steam (known as "cracking") or the electrolysis of water. Both
these processes are expensive, energy intensive and in the case of
cracking, produces waste carbon. Commercial production of clean,
cheap hydrogen is therefore a key requirement for large scale fuel
cell usage.
About Amazonica Corp. Amazonica Corp. (dba Euro-American
Hydrogen Corp.) is a technology development company that is quoted
on the Over-the-Counter Bulletin Board (OTCBB) where the Company's
ticker symbol is AMZZ. Amazonica Corp. is developing a
breakthrough, low cost technology to make 99.999% pure
hydrogen.
Notice Regarding Forward-Looking Statements This news release
contains "forward-looking statements." Statements in this press
release that are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things, the
Company's ability to develop its low cost ultra pure hydrogen
production technology. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with developing new products and operating
as a development stage company, our ability to raise the additional
funding we will need to continue to pursue our business and product
development plans, competition in the industry in which we operate
and market conditions. These forward-looking statements are made as
of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States. Although we
believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents we
file with the SEC, available at www.sec.gov.
Contact: Amazonica Corp. For further information call (855)
818-0066 Email: ir@kingstonir.net
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