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     440  0 Kommentare Sunvault Energy Attains Senior Secured Convertible Debt of Stealth Ventures Inc.

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 22, 2014) - SUNVAULT ENERGY INC. (PINKSHEETS:SVLT) ("Sunvault") ("the Company") through Aboriginal Power Corp, (an exclusive Incubation Company of Sunvault Energy) ("APC") is pleased to announce that it has invested in the senior secured convertible debt position of Stealth Ventures Inc ("Stealth") (TSX VENTURE:SLV).

    Stealth Ventures Inc. is a Calgary-based junior oil and gas company whose expertise and focus is on gas reserves from shale gas, CBM, and tight sand reservoirs. Stealth owns 124 wells throughout Alberta. Recently Sunvault through APC announced its purchase of gas well interests and its plans of taking natural gas and using it for power generation. Sunvault Energy President & CEO Gary Monaghan was quoted earlier this month stating, "We are enthusiastic about the power generating economics surrounding natural gas wells instead of using pipeline distribution where pricing make margins very slim. At certain peak power positions, converting natural gas to electricity can multiply revenue up to six to eight times for the natural gas. Natural gas conversion generation equipment is readily available for these purposes," he continued.

    Sunvault anticipates that the obtaining of the senior secured convertible debt position in Stealth will accelerate the Company plans for development of this market sector. Some of the Stealth owned wells are planned to be converted from traditional delivery into power generated by APC which will create a higher priced Clean Electrical power pricing metric. Sunvault management believes its recent efforts in becoming the secured convertible debt holder in the TSX traded SLV, will prove to be a strategic move in the long term.

    It is estimated that Stealth will increase its revenues in partnership with Aboriginal Power Corp, by utilizing clean power generating from its gas resource into peak power production. The current resource could generate clean natural gas power which is enough power for 40,000 homes in Alberta.

    APC with its partnership Northern Lights Aboriginal Power Corp. is in the business of engineering, procuring, constructing, operating and maintaining clean energy and alternative energy projects including solar, wind, bio-mass, bio-gas co-generation and now natural gas electricity generation.

    The newly formed Northern Lights Aboriginal Power Corp LP mandate is to provide/sell electricity and choices to Aboriginal Groups (First Nations) including non-aboriginal businesses within their various territories across the country. This service will reduce power pricing and increase the value proposition for Aboriginal Groups and their business partners. Northern Lights Aboriginal Power Corp LP has expansion plans that will see it move beyond First Nation's lands to other areas such as non-aboriginal municipalities as well as commercial and industrial users in urban centers across all sectors.

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    Sunvault Energy Attains Senior Secured Convertible Debt of Stealth Ventures Inc. KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 22, 2014) - SUNVAULT ENERGY INC. (PINKSHEETS:SVLT) ("Sunvault") ("the Company") through Aboriginal Power Corp, (an exclusive Incubation Company of Sunvault Energy) ("APC") is pleased to announce that it …