GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On April 11, 2017, Green EnviroTech Holdings Corp. (through its
wholly owned subsidiary GETH CFP, Inc.) entered into a real
property lease with the Lawrence Economic Development Corporation
for the location of its Carbon Finishing Plant in Lawrence
County, Ohio. Construction will begin immediately and the initial
10-year term will begin June 1, 2017. The rent for a minimum of
11,200 square feet will be fixed at $4.00 per square foot per
year for the initial term. The lease provides for up to three
additional five-year renewal terms, and includes an option and
right of first refusal for a total of up to 170,000 square feet.
ITEM 8.01OTHER EVENTS
On April 18, 2017, Green EnviroTech Holdings Corp. will issue a
press release announcing its entry into this agreement, a copy of
which is attached as Exhibit 99.01.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
The following are filed as exhibits to this report:
Title of Document
|Item 10||Material Contracts|
Real Property Lease between Lawrence Economic Development
Corporation and GETH CFP, Inc., dated April 11, 2017
|To be filed|
|99.01||Press release dated April 18, 2017||Attached|
* All exhibits are numbered with the number preceding the decimal
indicating the applicable SEC reference number in Item 601 and
the number following the decimal indicating the sequence of the
particular document. Omitted numbers in the sequence refer to
documents previously filed as an exhibit.
About GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH)
Green EnviroTech Holdings Corp., formerly Wolfe Creek Mining, Inc., is a green technology company. The Company has developed a process to produce Brent Grade type oil by using reactor conversion technology, the Green Envirotech (GETH) Process, by utilizing a mixture of waste plastic and waste tires. The conversion process uses pyrolysis technology with additional distillation applications. The GETH Process is a system to convert waste plastics and end of life tires to oil. The process uses electromagnetic pyrolysis to produce oil and syngas when processing the plastic feedstock. The process produces oil, carbon black, steel and syngas along with approximately 45% by weight yield of oil, when processing tires. The use of electromagnetic pyrolysis facilitates gasification. A full-scale plant processing tires consumes approximately 200 tons of feedstock per day and produces over 200,000 barrels of blend-stock oil yearly. GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Recent Trading Information
GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) closed its last trading session up +0.022 at 0.162 with 16,540 shares trading hands.