Communicators

are winners!

News

15.08.2011
Solarmag reaches agreement on further funding alternatives
Solarmag reaches agreement on further funding alternatives

Solarmag has reached an agreement with Capem Capital in the Netherlands where Capem Capital will assist Solarmag with alternative and strategic funding sources to support Solarmags growth and its future investment and development programme of renewable energy plants. Solarmag and Capem Capital have also agreed to establish a joint emerging markets venture to explore the possibilities in the emerging markets where the future energy demand will be very large. Capem Capital CV works with a large number of companies across business sectors and assists them with sourcing alternative funding mechanisms linked to business strategy requirements.

Solarmag PLC CEO & Chairman Lars-Erik Magnusson said: I am very pleased that we have reached this agreement with Capem Capital as this will give Solarmag access to a number of different financing alternatives to grow and even accelerate the business plan of Solarmag, including to enter in to emerging markets.

Mark Lenssinck, the CEO of Capem Capital CV, said: The working relationship established with Solarmag PLC is an exciting opportunity for investors to be part of a growth company that I believe has the strategic vision to be a major player in the renewable energy sector. I sincerely believe that the management team at Solarmag PLC has the vision and the experience to create serious shareholder value in the renewable energy sector and we have already assisted the company with a number of interesting strategic relationships that will materialise in serious funding alternatives. I am pleased to be associated with this highly dynamic company and the staff at Capem Capital CV will continue to add value at every level of their overall business strategy.

SOLARMAG PLC
Thomas R. Malthusstraat 3b
1066 JR Amsterdam
The Netherlands
Tel: +31 20 388 0060
Fax: +31 20 669 6508
Email: info@solarmag-plc.com
Website: www.solarmag-plc.com

Disclaimer:
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.



NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&amp;isin=GB00B1FJK646">http://www.irw-press.com/alert_subscription.php?lang=en&amp;isin=GB00B1FJK646</a>

Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.