Golden Age Resources, Inc. (GDAR) Announces Strategic Investment from Saulomon Capital
PALM BEACH GARDENS, Fla., June 4, 2015 — GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) a leading energy provider for large-scale “Green” power plants in Latin America and the Caribbean, today announced today that it has formed a strategic financial relationship with Saulomon Capital.
The Company announced today that they have formed a long-term financial relationship with Saulomon Capital for funding for the planned cogeneration power plant in Yucatan, Mexico. This WTE plant will consist of a 100kw biomass to energy facility built as a scalable power facility with a 2 mW/hr output by using organic municipal and/or sisal waste.
Mr. Terence Byrne, CEO of The Company said, “This financial relationship assists us in our ongoing projects within Mexico. With Saulomon Capital as a long term strategic financial partner, we can help bring workable power solutions into Mexico to help relieve their current power shortages.”
The Company has also recently announced a Land Purchasing Agreement with their Mexican subsidiary, Golden Age Resources Mexico S de R.L. Construction of the Cogeneration Power Plant is set to begin in Q4 of 2015, with an estimated build time and installation of 6 months. Scheduled operation is set to begin in Q2 of 2016.
Mr. Ahmed E Sheikh, Managing Partner at Saulomon Capital stated: “We are very proud of our relationship with Golden Age Resources. Our company continually researches solid companies that are making a difference with which to invest. GDAR has been making bold moves within Mexico in bringing profitable power solutions to Mexico and we are proud to partner with them in their endeavors.”
This strategic investment will help to develop both commercial and residential “Green” energy power production from both WTE and solar powered systems.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.
Forward Looking Statements: This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.