Centurion Private Equity, which is managed by Roswell Capital Partners, has committed to provide Green EnviroTech (OTCBB: WCRM) with up to $5 million of development capital. Under the agreement, Green EnviroTech may periodically sell shares of its common stock to Centurion over a 30-month period. Green EnviroTech is a plastics recycling and recovery company and plans to use the proceeds to fund acquisitions and for working capital for plant startups.
