MONTREAL, QUEBEC--(Marketwire - March 18, 2009) - Laurent Venture Capital Corporation ("Laurent") (TSX VENTURE:LAU.P) announces that it has agreed to a secure loan in favour of Carbon2Green Developments Ltd. ("Carbon2Green"), the target company of Laurent's Qualifying Transaction by way of a reverse takeover announced on November 24, 2008 and February 13, 2009. Carbon2Green Developments Ltd. is an innovator in the field of sustainable development and the carbon market, it is located in Laval.
More specifically, Laurent intends to grant a $150,000 loan to Carbon2Green at an interest rate of 7.5 %, which will come due at the earliest of 9 months from the date of disbursement of the loan or 30 days following the date on which Laurent announces that the Qualifying Transaction is aborted. The loan will be secured by a hypothec on the universality of the movable assets present and future of Carbon2Green. This loan is subject to the prior consent of the TSX Venture Exchange.
The Exchange and its regulation services provider (with the meaning of this term in the policies of the Exchange) assume no responsibility with regards to the pertinence or the exactitude of the present release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Laurent Venture Capital Corporation
Andre Goguen, President
Carbon2Green Developments Ltd.
Louis Tourillon, President