Gerri Greenham announced that they have acquired shares in Solarvest BioEnergy Inc.
The transaction was made to a pursuant of a private placement at US$.025per share. The total purchase price for the common shares was tagged at US$100,000.
As a result of the depositions and acquisitions, Gerri Greenham currently holds 7,108,500 common shares in Solarvest BioEnergy.
Greenham has the option to purchase additional shares amounting to 70,000 common shares. If option is exercised, Gerri Greenham will hold 7, 178,00 shares in the company which represents 53.75% of the outstanding common shares of the company.
Mr. Greenham is a resident of Stouffville, Ontorio. He is the Chief Executive Officer of Solarvest.
Greenham said that he acquired the common shares for investment purposes. He also said that in due time, he may acquire additional securities in Solarvest BioEnergy Inc or may dispose of securities as deem necessary.
Solarvest BioEnergy Inc specializes in the development of sustainable and renewable energy sources.
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