Pavilion Energy Resources Inc.

February 02, 2011 08:15 ET

Pavilion Energy Resources Inc., $50 Million Equity Financing

LOS ANGELES, CA--(Marketwire - February 2, 2011) -  Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE) has been offered an equity line of credit from an Asian-based Finance Institution. This strong funding group has a presence in the natural resource space and has previously completed transactions totaling over $3 billion.

The transaction contemplated in the signed LOI will be secured via a binding $50 million purchase obligation, which can be drawn down at increasing share prices as the company meets development milestones.

Financing will be injected by way of placements over a three year period as projects mature. 

The proposed placement facility carries no obligation to dilute at any chosen share price and funding will be available at any time for drawdown. 

President Mr. Sterling stated: "We are excited about this financing as it represents "The Dawn of A New Day" for PVRE and its shareholders and adds immediate shareholder value."

The Company can shortly begin to execute its business plans without concern about cash availability. This financing completely removes the funding issue off the table as a roadblock to PVRE's development.

Upon execution of this proposed financing arrangement the company will immediately begin to execute the development plans in PVRE's three business divisions;

1. Iron Ore-Gold Mining.

2. Accelerated Wind Energy.

3. Wind-Powered Green Aluminum Smelters.

Management expects to execute definitive contracts within 14 days.

See information at: 

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions. However, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: risks associated with exploration, competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation.

Contact Information

  • Contact:
    Peter Sterling
    (323) 356-7777