Greenbelt Resources Corporation has announced that it plans to raise $16 million through a Regulation A+ public offering of freely trading shares priced at $0.20 per share. The company plans to build a local community-scale waste-to-energy ecosystem in Paso Robles, California, to convert local brewery and winery wastes into locally sellable products including renewable fuel, animal feed and liquid fertilizer.
Greenbelt Resources filed with the Securities and Exchange Commission (SEC) on August 19, 2016, for a preliminary Offering Statement under Regulation A (Tier 2). The Offering Statement includes audited Financial Statements of the Company for the two years ended 2014 and 2015.
“After a thorough evaluation conducted by our two newest board members Joe Pivinski and Michael Nakamura, the Reg A platform was determined to be our best option to accept investment by investors interested in our planned rollout,” said Darren Eng, CEO of Greenbelt Resources. “By conducting a public offering of freely trading shares it gives investors more opportunity to participate in our planned growth worldwide.”
In addition to deploying a portion of the capital raised to develop a local-scale waste-to-energy ecosystem dubbed “PRECO” (for Paso Robles ECO-system), the company also plans to develop strategic target markets, establish additional ecosystem financing relationships, and conduct a targeted sales campaign to address local community needs worldwide.