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Energy investment company GHG approved for BSX listing

Renewable energy investment company GHG Energy Corporation has received approval from the listing committee of the Bermuda Stock Exchange (BSX) to list its ordinary shares on the Exchange.

The listing was effective from April 28, 2010.

GHG was incorporated in Delaware, USA on February 1, 2010 specifically as a Special Purpose Acquisition Vehicle to specialise in investments in low or zero carbon renewable energy technologies and related projects.

Climate change is already a multi-billion dollar commercial sector and the United Nations has estimated that it will grow to $1.48 trillion by 2020.

The company intends to take advantage of this market opportunity by establishing or acquiring climate change products and services, or entering into alliances to provide such products or services, in six alternative or renewable energy investment sectors: bio-energy; aquatic energy; energy storage; energy saving; wind energy and solar energy.

Neil Cockle, CEO of GHG, said: "I am delighted that GHG is now listed on the BSX; the company will benefit from the international prestige and enhanced profile afforded by its BSX listing. Together with the finance raised, this will help us to make the acquisitions and partnerships that are central to the delivery of our business strategy.

"The management team intends to leverage these benefits in order to grow the company's activities over the coming months and years for the benefit of all stakeholders."

BCB Securities Ltd. sponsored the listing of the shares.

"We are extremely pleased to have the opportunity to sponsor GHG Energy Corporation and look forward to continuing our relationship with the company," said Randy Morris of BCB Securities.

The issue is being introduced for listing under the restricted marketing provisions of the BSX and is for securities aimed at qualified investors, as individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability tests defined by the Exchange.