QUEBEC CITY,
April 23, 2013 /CNW Telbec/ -
Innovente Inc. (TSXV: IGE) ("Innovente" or the "Corporation")
announces that it has entered into a financing offer for a loan in
the maximum amount of $3M to be
granted by Farm Credit Canada ("FCC").
"We are very happy to now have as a partner
the most important lender of the agriculture industry in
Canada. Such a mark of confidence
in our technology of green energy generation from organic residues,
represents for us, a strong signal with respect to the development
potential of Innovente", mentioned Richard Painchaud, President.
"FCC is proud to support Innovente in its
innovative project that brings a green and sustainable solution to
the management of organic residues from, in particular,
agriculture, said Sophie
MacDonald, Vice president, Agribusiness and Venture Capital,
at FCC. We wish great success to Innovente for this first plant
of bioenergy using a unique technology in Québec and in
Canada."
The loan granted by FCC will be used primarily
for commercial operation of the first cogeneration plant of
Innovente located at Saint-Patrice-de-Beaurivage. The commercial
operation is planned to occur in the coming weeks.
The loan will be secured by a senior mortgage on
all assets of the Corporation, which will rank pari passu
with the senior mortgages previously granted by the Corporation to
National Bank of Canada and Caisse
Desjardins de La Nouvelle-Beauce.
About Innovente
Based in Quebec
City, Innovente produces renewable energy and provides
communities with a green and sustainable solution for the
management of organic residues through its patented technology in
Canada and in the United States. Innovente stock is listed
on the TSX Venture Exchange under the ticker symbol IGE (TSXV:
IGE). www.innovente.ca
About Farm Credit Canada (FCC)
As Canada's
leading agriculture lender, FCC is advancing the business of
agriculture. With a healthy portfolio of more than $25 billion and 20 consecutive years of portfolio
growth, FCC is strong and stable - committed to serving the
industry through all cycles. FCC provides financing, insurance,
software, learning programs and other business services to
producers, agribusinesses and agri-food operations. FCC employees
are passionate about agriculture and committed to the success of
customers and the industry. For more information, visit www.fcc.ca.
Follow FCC on Twitter @FCCagriculture.
Disclaimer regarding forward-looking
statements
Certain statements included herein may
constitute "forward-looking statements" within the meaning of
applicable securities laws. Forward-looking statements are
necessarily based on a number of estimates and assumptions that,
while considered reasonable by management when they are made, are
inherently subject to significant business, economic, and
competitive uncertainties and contingencies. Investors are
cautioned not to place undue reliance on forward-looking
statements. The Corporation declines any intent or obligation to
update publicly these forward-looking statements, whether as a
result of new information, future events or other development.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as these terms are defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
SOURCE Innoventé Inc.