GreenAngel Energy Corp.

GreenAngel Energy Corp.

September 20, 2010 09:55 ET

GreenAngel Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - GreenAngel Energy Corporation ("GreenAngel") (TSX VENTURE:GAE) is pleased to announce a best efforts non-brokered private placement to accredited investors to raise a minimum of $150,000 from the issuance of 1 million shares and a maximum of $300,000 from the issuance of 2 million shares in the capital stock of the Company, at a minimum price of $0.15 per share.

The directors of the Company have agreed to collectively subscribe for a minimum of 300,000 shares.

Proceeds from the private placement will be used for general working capital, to launch an investor relations program and to consider additional investments in emerging clean energy technologies.

The private placement is subject to receipt of necessary stock exchange approvals.

About GreenAngel Energy

GreenAngel Energy Corp. is a green energy technology company. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investee companies, GreenAngel also provides business and advisory services to help ensure these companies achieve commercial success. The firms include Delaware Power Systems, Light-Based Technologies, Habitat Enterprises, Rapid Electric Vehicles, DPoint Technologies, and Paradigm Environmental Technologies. For more information, please visit


Bob de Wit, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the TSX Venture Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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