GreenShift Corporation (OTC Bulletin Board: GERS) and its agrifuels subsidiary, GS AgriFuels Corporation (OTC Bulletin Board: GSGF), announced the final record date and payment date for previously announced plans to take GS AgriFuels private.
On February 29, 2008, GreenShift will transfer its interest in the capital stock of GS AgriFuels to a new wholly-owned subsidiary of GreenShift and then the new subsidiary will merge GS AgriFuels into itself.
At the close of business on February 29, 2008, the common stock of GS AgriFuels will be delisted from the OTC Bulletin Board, and will become non-transferable.
On or before March 31, 2008, all shareholders of GS AgriFuels as of February 29, 2008, will receive a cash payment of $0.50 per share held in GS AgriFuels.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift’s view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
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