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
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.
Caroline Bouchard Director of Communications, Innovente Tel: 418 692-1011 ext.
Éva Larouche Senior Strategist, Media Relations and Social Media Farm Credit
Canada Tel: 1-888-780-6647 email@example.com
SOURCE: Innoventé Inc.
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