World Energy Holdings & Research PLC
World Energy Holdings & Research PLC signs Letter of Intent
World Energy Holdings & Research PLC / Key word(s): Letter of Intent World Energy Holdings & Research PLC signs Letter of Intent after thorough consideration of several funding proposals from prominent Latin American Financial Institutions. Friday July 15th 11:00 (Guatemala City) World Energy Holdings & Research PLC (WEHR) signs Letter of Intent (LOI) following the consideration of multiple finance proposals. The finance proposals submitted to WEHR regard the fulfillment of the remaining funding requirements for the special purpose entities of WEHR subsidiary, World Energy Hydro Limited (WEHL); World Energy El Islan S.A., World Energy Sosi S.A., World Energy Ixtaguacan S.A., World Energy Semuc S.A., and World Energy Tacana S.A. All proposals were equally assessed, however, after thorough evaluation, WEHR elected to sign the finance LOI with Grupo Financiero Occidente. Having now decided on the financier for the special purpose entities of WEHL, WEHR have positioned themselves one step closer towards supplying renewable power to Guatemala. ‘We are glad to be receiving this amount of attention from these large institutions. Our team is satisfied and very confident with the assessment and decision we have made.. Signing the LOI with Grupo Occidente represents the great progress being made by the WEHR team.’ stated Edgar Perez, WEHR Chief Executive Officer. About World Energy Holdings & Research PLC World Energy Holdings & Research PLC (ISIN GB00B50QMR32, WKN A1C9BX, 0WE ) is a public limited company incorporated in England focusing on the development of power plants, specifically in Central and Latin America. World Energy Holdings & Research PLC is admitted to trading on the Frankfurt Stock Exchange’s Entry Standard (Open Market) under symbol ‘0WE’ (Zero ‘W’ ‘E’). Disclaimer: This press release is solely for informational purposes and does not constitute an an offer to sell or a solicitation of an offer to buy any securities of WEHR. No regulatory authority has approved the press release. This press release contains forward-looking statements. Forward-looking statements are not statements of historical fact and reflect the current assessments, views, assumptions and beliefs made by WEHR or its officers according to the information available as of the date of this press release about future events, operating performance, financial condition, business strategy, WEHR’s plans and objectives for future operations and the industry in which it operates. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause actual outcomes to differ materially from those suggested in this press release. WEHR undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events or developments or otherwise. All subsequent written and oral forward-looking statements attributable to WEHR and those acting on its behalf, are expressly qualified in their entirety by the foregoing. Enquiries to: World Energy Holdings & Research PLC Andy Somoza, CFO Tel: +502-2378-6400 End End of Corporate News 18.07.2011 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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