Purthanol Resources Ltd Seeks an Operator and Investor of its Newly Acquired Subsidiary Biocardel Lu
WILMINGTON, DE and OTTAWA, ON / ACCESSWIRE / January 19, 2015 / Purthanol Resources Ltd (OTC:PURT) is pleased to announce that it has acquired 69% control of the holding company Biocardel Europe SA that owns 100% of Biocardel Luxembourg SA.
Purthanol is pleased to announce the acquisition of Biocardel Europe SA in the form of a convertible debenture. Purthanol is seeking a partner, investor and operator for the Luxembourg facility. Biocardel Luxembourg will be a bio-fuel producer with its initial sales expected in Q2 of 2015. Mr. Rene Delarue, president of Biocardel Quebec Inc and the newly appointed Chief Operation Officer of Purthanol, expressed his satisfaction with the acquisition of this company, a corporation already invested in the alternative fuel sector. The Board of Purthanol is regarding this acquisition as a positioning of Purthanol as an international producer of biofuels on two continents. Purthanol is a publicly traded company dedicated to investigating and developing its orientation to focus on green-technology fuel production with its acquisition of the Purthanol process for the ethanol product and Biocardel for the Biodiesel. Please visit www.purthanol.com for more information. CAUTIONARY STATEMENT
Other than statements of historical fact, included herein, all statements are forward-looking and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results may differ materially from Purthanol expectations and filings made with the securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements. No stock exchange, securities commission or other regulatory authority has approved or disapproved this information. Contact:
Mr. Louis Pharand President and Chief Communication Officer Purthanol Resources Ltd Tel: 302 288 0658 email@example.com