Home » Articles » Business

Greenergy Holdings, Inc. Board Meeting Results - April 14, 2012

During the meeting of the Board of Directors ("Board”) of Greenergy Holdings Incorporated (the "Corporation”) held in April 14, 2012, the Board passed and approved the following:
1.  Amendment of the Corporation’s Articles of Incorporation to increase the authorized capital stock from P2 Billion to P3 Billion.

2.  Pursuant to the approval of the stockholders on October 19, 2011 to issue 100 Billion warrants at an issue price of P0.001/warrant relating to 100 Billion common shares at a strike price of P0.01/share with a 5-year term, the Board approved to issue 7.5 Billion warrants to the Corporation’s Chairman, Mr. George Y. Uy, at the issue price of P0.001/warrant and under such terms as may further be agreed upon and subject to existing requirements of the Securities and Exchange Commission and the Philippine Stock Exchange.

3.  Authority to invest up to P25 Million in Isabela Alcogas Corporation, with authority for the Chairman or the President and CEO to finalize the terms and conditions thereof and execute agreements and documents relating thereto.

Isabela Alcogas Corporation is a domestic company with the primary purpose of engaging in the business of manufacturing and trading of goods such as ethanol and other biofuels. Presently, it has acquired usufruct rights to 15,000 hectares of land for the first phase in connection with its plans of putting up a cogeneration bioethanol and power plant.

4.  Approval and release of the 2011 audited financial statements.
- https://www.affordablecebu.com/
 

Please support us in writing articles like this by sharing this post

Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.

--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.

"Greenergy Holdings, Inc. Board Meeting Results - April 14, 2012" was written by Mary under the Business category. It has been read 4849 times and generated 0 comments. The article was created on and updated on 16 April 2012.
Total comments : 0