GreenHunter Energy, Inc. announced it has closed on the first tranche of a $60 million 10% Series A Senior Secured Redeemable Debenture offering.
The notes will have a term of five years and will be exchangeable into freely tradable shares of GreenHunter Energy, Inc. common stock.
The company has received $3.5 million from 13 accredited investors to date. 10 broker/dealers representing over 2,700 sales representatives have completed their due diligence and have recently executed selling agreements for the private placement of these Notes to their qualified customers.
GreenHunter Energy is focused on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. Assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico and California, a former waste oil and chemical refinery currently being converted to the nation’s largest biodiesel refinery located in Houston, Texas, and a biomass power plant located in El Centro, California.
Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company that provides to investors a portfolio of diversified assets in the alternative energy sector.
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