OTTAWA, Dec. 17, 2013 /CNW/ - Global Biotech Corp. (Aka-Purthanol
Resources Ltd.) (OTCQB-GBIQ-the "Company") is pleased to announce the
acquisition of Biocardel Quebec in a stock and cash transaction valued
at $5 million Cad. Biocardel is a bio-fuel producer with its initial
sales expected in Q1 of 2014. Mr. Rene Delarue, president of Biocardel,
expressed his satisfaction with the merging of his company and
Global/Purthanol, a corporation already invested in the alternative
fuel sector and the symbiotic value this will bring to both companies.
A similar sentiment was shared by Mr. Louis Pharand, President of
Global/Purthanol, regarding the acquisition. Further news, when it
occurs, will be posted on our new website www.purthanol.com
About Global Biotech Corp/Purthanol Resources
Global/Purthanol is a publicly traded company dedicated to investigating
and developing natural products. It has recently changed its
orientation to focus on green-technology fuel production with its
acquisition of the Purthanol process for the ethanol product, Athanol,
and now Biocardel. Please visit www.purthanol.com for more information.
Biocardel Quebec is a newly designed facility capable of producing
upwards of 13 million gallons of (ASTM Certified) biodiesel and 2.6
million gallons of glycerol (BTU) Certified) heating fuel per year.
Please visit www.biocardel.ca
Other than statements of historical fact, included herein, all
statements are forward-looking and involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results may differ materially from Global's
expectations and filings made with the securities regulators. The
Company does not assume any obligation to update or revise its
forward-looking statements. No stock exchange, securities commission or
other regulatory authority has approved or disapproved this
SOURCE: Global Biotech Corp
For further information:
Global Biotech Corp.
Louis Pharand, President, CCO