TSXV:EVGN - Post Discussion
Post by
KozmoT on Jun 29, 2023 11:40am
and more Sweeet!!!! ... todays NR
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Fraser Valley Biogas RNG Expansion Project on track (~75% complete)
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$15 million drawn down from the previously announced $31 million senior term loan facility with Roynat and EDC to provide funding for the Fraser Valley Biogas core RNG expansion project
VANCOUVER, British Columbia, June 29, 2023--(BUSINESS WIRE)--EverGen Infrastructure Corp. ("EverGen" or the "Company") (TSXV: EVGN) (OTCQX: EVGIF), is pleased to announce the successful drawdown of $15 million under the first tranche of the previously announced $31 million syndicated senior term loan (the "Facility"), from Roynat Capital ("Roynat") and Export Development Canada ("EDC"), providing EverGen with financial certainty to fund the Fraser Valley Biogas core RNG expansion project currently under construction.
"This marks the final stage of construction of our core RNG expansion project at Fraser Valley Biogas, which will be completed in Q3 2023." said Chase Edgelow, CEO of EverGen. "We prudently structure the financing behind each of our projects to allow for flexibility and to maximize returns for our shareholders."
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