Solarvest BioEnergy Inc.

Solarvest BioEnergy Inc.

July 13, 2009 18:57 ET

Solarvest BioEnergy Inc. Announces Unsecured Loan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2009) - SOLARVEST BIOENERGY INC. (TSX VENTURE:SVS) ("Solarvest" or the "Company") wishes to announce its intention to accept a $100,000 unsecured loan, from an Insider to the Company, through the issuance of a demand promissory note. The loan will bear interest at a rate of six percent (6%) compounded annually. Proceeds of the loan will be used as general working capital to assist with the restructuring of the Company.

About Solarvest

Solarvest is a research and development company in the biotechnology sector. The Company is committed to the development of sustainable and renewable energy sources to meet growing energy demands and environmental challenges. Solarvest has acquired the rights to a biologically-based hydrogen producing technology, which provides a controlled method for turning on and off genes in algae resulting in the continuous production of hydrogen gas.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has neither approved nor disapproved the contents of this Press Release.

Contact Information

  • Solarvest BioEnergy Inc.
    Kenneth A. Cawkell
    (604) 684-3323 ext 227
    (604) 684-3350 (FAX)