[ACCESSWIRE]
WILMINGTON, DE and OTTAWA, ON / ACCESSWIRE / April 21, 2015 / Purthanol Resources Ltd (PINKSHEETS: PURT) is pleased to announce that it has identified an operator for the Luxembourg facility that will invest and operate the facility once the due diligence period is complete.
Purthanol is pleased to announce that the operator/investor is investing personal funds and is awaiting financing for the proper functioning of the 20 million liter facility of biodiesel. Mr. Rene Delarue is quite excited about the project in Luxembourg as it will allow us to export our know-how and technology to produce our own oils (feed stock) and depend less on agricultural crops.
In this venture Purthanol will retain fifty percent (50%) ownership of the joint venture. This project was realized with the help of Mr. Artour Babaiants Vice President International Affairs/Finance.
The Board has terminated the position Director of Communication and Mr. Serge Mersilian a.k.a. Serge M Varoujan. We thank him for his minor contribution and release him of all functions directly or indirectly connected to Purthanol Resources Limited.
The position of Chief Communication Officer is created and given to Mr. Louis Pharand. Mr. Pharand has demonstrated great talent and resolve in this moment of crisis where the old website was transferred illegally by malicious wrong doer.
Mr. Pharand has created a new and improved website http://www.purthanolbiofuel.com/.
Purthanol Resources Limited will pursue legal actions against these people to the full extent of the Law.
About Purthanol Resources Ltd
Purthanol is a publicly traded company dedicated to investigating and developing its orientation to focus on green-technology fuel production with its acquisition of the Purthanol process for the ethanol product and Biocardel for the Biodiesel. Please visit http://www.purthanolbiofuel.com/ for more information.
CAUTIONARY STATEMENT
Other than statements of historical fact, included herein, all statements are forward-looking and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results may differ materially from Purthanol expectations and filings made with the securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements. No stock exchange, securities commission or other regulatory authority has approved or disapproved this information.
Contact:
Mr. Leo Stella
Chief Executive Officer
Purthanol Resources Ltd
Tel: 302-288-0658
SOURCE: Purthanol Resources Ltd