GREY:EDYYF - Post by User
Post by
NycePriceon Apr 01, 2015 3:06pm
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Post# 23588288
Africa is Write off for that $40 Million revenue Guidance ??
Africa is Write off for that $40 Million revenue Guidance ??Plus ....How will they Raise this Money...Deadline Looming. If they Can;t raise the Funds do they llose this Revenue Stream Also ?
9. Subsequent Events
On December 19th, 2014 EnerDynamic Hybrid Technologies Inc. entered into a definite Share and Unit Purchase Agreement (the “agreement”) to acquire Reliant First Nation Limited Partnership the owner of 38 Megawatts of Feed in Tariff Contracts under the Ontario Feed in Tariff Program. The agreement requires a total purchase payment of $26,680,000 with 75% due by April, 2015 and the balance following Commercial Operation of the entire portfolio which is anticipated to be EnerDynamic Hybrid Technologies Corp. Management Discussion and Analysis Year Ended November 30, 2014 {L0442678.1} 24 September 2017. The Share and Unit Purchase Agreement is subject to the approval of the IESO (Independent Electricity System Operator).