Minerco Resources (Pinksheets: MINE) in Negotiations for Sale of Sayab Wind Project and Iscan Hydro-Electric Project
Posted on May 11, 2012 at 11:05 AM EDT
Northern, WI 5/11/12 ( StreetBeat ) -- Minerco Resources, Inc. ( Pinksheets: MINE ), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases a business update for its Sayab Wind Project and Iscan Hydro-Electric Project in Honduras, Central America. Minerco is in negotiations for the sale of its Sayab Wind Project and Iscan Hydro-Electric Project. The company intends to divest of these assets and focus its resources on the Chiligatoro Hydro-Electric Project and in traditional energy, such as oil and gas, production and development within the US. As previously stated, the properties we are currently evaluating have an estimated 30% annual return with initial capital expenditures between $50 and $100 thousand. "We are very excited about the potential of selling our rights to the Sayab and Iscan projects which would allow us to focus on our Chiligatoro project and investment opportunities in the traditional energy markets," said V. Scott Vanis, Minerco's President and CEO. Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling. StreetBeat Disclaimer Distributed by Viestly
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