Bridge Looking Into Wind Farm Project in Romania

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Bridge looking into Wind Farm project in Romania

During the last weekend of February the Bridge European management team were in Romania with a number of wind farm project experts. Bridge has identified a potential investment opportunity involving the development of a wind farm on a 250 acre site on the shores of the Black Sea, which experiences good wind conditions for this type of project. We believe that this opportunity, with a 3 to 5 year lifespan, will return many times the original investment.

“Since joining the European Union in 2007 Romania is experiencing a lot of pressure to develop wind energy”, says Mats Jäderberg Head of Bridge European operations. Romania currently has just eight operational wind turbines with a population of 25 million people, compared with Sweden that has over 750 wind turbines and a population of less than 9 million. Following these meetings and site visits, Bridge has decided to carry out further studies into the possibility of investing in this type of business. A group of experts from Spain, Sweden, Austria and Romania will be engaged to assess the risks and potential returns of a project like this. The initial scope would be to build between 4 and 6 turbines, with the aim of expanding to between 50 and 80 turbines, acquiring more land, expanding into more countries and ultimately taking the company public.

RavenPack´s first offering sucessfully completed

Bridge is pleased to announce that the recently closed subscription in RavenPack in association with their financial advisor McNamee, was oversubscribed. ACH Securities in Geneva has confirmed that all shares have now been delivered to members.

On 12th February, RavenPack’s CEO Mr. Armando Gonzalez met with Mats Jäderberg of the Bridge European management team to discuss plans for the second round of €4.5 million and possible dates for road shows and interviews, together with the subscription date.
Ravenpack’s financial advisor McNamee is now looking into the legal requirements for dealing with securities in Spain.

GPS Buddy´s road show in Europe expected in April

On 4th February, Bridge met with GPS Buddy and William Fry, GPS Buddy’s financial advisor, to discuss the delay in obtaining approval of GPS Buddy’s prospectus from the Irish Stock Exchange. William Fry will soon be making a formal statement to Bridge members as to the exact subscription date. GPS Buddy plans to include members of the Bridge Community in Sweden, Iceland and Latvia during their upcoming roadshow. This list of countries may be expanded.

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