Solar Wind Energy Tower, Inc. Activates Equity Facility Agreement Commitment of $3,000,000
ANNAPOLIS, MD--(Marketwired - Oct 29, 2013) - Solar Wind Energy Tower, Inc. (OTCQB: SWET), (the "Company"), the inventor of a large Solar Wind Downdraft Tower structure capable of producing abundant, inexpensive electricity, announced today that its Equity Facility to fund up to $3,000,000 from Beaufort Ventures, PLC is now effective and Solar Wind Energy may access the funds under the terms of the agreement. Earlier this summer on July 15(th) , the Company announced it had received the commitment for the Equity Facility from Beaufort. Under the terms of the commitment, the Company was required to file an S-1 Registration Statement with the SEC. The Company was notified by the SEC that there were no further comments and the Registration Statement has now been declared "Effective" which allows the Company to access Equity Facility funding.
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