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GreenHunter Energy Inc's GreenHunter Water, LLC Closes Purchase Of Barging Terminal Facility


Thursday, 14 Mar 2013 08:00am EDT 

GreenHunter Energy Inc announced that its wholly owned subsidiary, GreenHunter Water, LLC, has closed on the purchase of a 10.8 acre barging terminal facility located in Wheeling, Ohio County, West Virginia. The purchase price for the GreenHunter Wheeling Barge facility totaled $750,000. Consideration for this acquisition consisted of a new 10.5 year variable-rate loan facility with a regional bank that also includes an additional $350,000 of borrowing capacity for construction and refurbishing purposes. Management anticipates commencing construction in mid-April 2013. 

Company Quote

1.22
0.05 +4.27%
24 Oct 2014