Business & Finance
Business and Finance
Business and Finance
Wed, September 2, 2009 Clenergen Corporation: Clenergen Corporation (OTCBB: CRGE) Completes Share Exchange Agreement for Global Consolidation of Clene
NEW YORK, NEW YORK--(Marketwire - Sept. 2, 2009) - Clenergen Corporation (OTCBB:CRGE) has completed the share exchange agreement for the UK Company Clenergen Corporation Limited.
On August 30, 2009, Clenergen Corporation entered into a share exchange agreement with Clenergen Corporation Limited, a United Kingdom corporation ("Clenergen UK"). Pursuant to the terms of the share exchange agreement, Clenergen Corporation have agreed to acquire all of the issued and outstanding shares of Clenergen UK's common stock in exchange for the issuance by our company of 70,278,529 shares of our common stock to the shareholders of Clenergen UK.
One of the conditions of the share exchange agreement that is material to Clenergen Corporation is that Clenergen UK will have delivered to Clenergen Corporation audited financial statements prepared in accordance with United States GAAP and audited by an independent auditor registered with the Public Company Accounting Oversight Board in the United States.
About Clenergen Corporation
Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen develops [ Clean Energy Generation ] projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen Installs and operates Distribution Environmental Power Systems (DEPS) and applies Plant Science to the cultivation of [ proprietary biomass ] feedstock's in order to provide sustainable supplies of clean energy to regional, independent clients and national grids. [ www.clenergen.com ].
