GREY:LFDEF - Post by User
Post by
ernieballs77on Sep 07, 2020 1:42pm
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Post# 31518034
Just over 2 months ago HE SAID...BULLSHIIT
Just over 2 months ago HE SAID...BULLSHIIT - The Company has signed a non-binding letter of intent with an institutional investor to provide equity or junior subordinated debt financing for a portion of the UrtheDaily project. Together with the expected senior secured debt, government funding and other supplier financing arrangements, these sources would finance the build, launch and operational commissioning of the UrtheDaily Constellation. The letter of intent includes a binding short-term exclusivity period for the parties to negotiate binding transaction terms for the equity or junior debt.
- The Company also continues to make progress on securing the senior debt portion of the UrtheDaily financing and is working with selected institutional lenders to satisfy due diligence requirements and negotiate binding terms.