Celestial Green Ventures PLC
Celestial Green Ventures Plc: Leading Global Producer of REDD Carbon Credits increases its contract base in the Brazilian Amazon
Celestial Green Ventures PLC / Key word(s): Contract 28.06.2011 / 09:00 Celestial Green Ventures Plc: Leading Global Producer of REDD Carbon Credits increases its contract base in the Brazilian Amazon. Celestial Green Ventures Plc ('9CG') has increased the size of its contracted land base by 1,203,226 hectares (6.5% increase) with the signing of 5 new contracts entitling the Company to the production of any type of carbon credit on these lands for the next 30 years. Working in tandem with local landowners, local tribes and municipalities, Celestial Green aims to become the leading global provider of REDD (reducing emissions through deforestation and degradation) carbon credits. By increasing the size of its current portfolio, Celestial Green is executing on its commitment given when the Company listed in Frankfurt in May which was to double the size of the Company's contracted land base to 40m hectares. With close to 4m hectares of the Celestial Green contract base in the PDD/validation process and after finalising the forward sale of 1m REDD Carbon Credits to IndustryRE, Celestial Green is continuing to execute its strategic plan of becoming the leading global provider of REDD Carbon Credits and providing strong, reliable cash-flow based returns to its equity investors. For further information please contact: Conor Barry Conor@celestialgreen.eu +353 86 061 5585 www.celestialgreenventures.com End of Corporate News --------------------------------------------------------------------- 28.06.2011 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 --------------------------------------------------------------------- 129871 28.06.2011
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