BLSP 8k Acquisitions... NHOD OTW... this news is r
Post# of 98051
BLSP 8k Acquisitions... NHOD OTW... this news is really huge...
[b]Caterpillar to provide $21m for Blue Sphere biogas projects
Sep 02, 2012 (Globes - McClatchy-Tribune Information Services via COMTEX) -- [u]Blue Sphere Corporation (Bulletin Board: BLSP), which acquires, builds, and manages projects for the generation of electricity from organic waste, has signed an agreement in principle with Caterpillar Inc. (NYSE: CAT) to provide $21 million in financing for Blue Sphere's first two projects in the US.[/u] Blue Sphere will establish a special US subsidiary to manage the projects. Caterpillar will supply the electricity generation equipment and finance 70 percent of the projects' total cost. Caterpillar will provide $14 million in financing for the first $20 million project, and $7 million for the second $10 million project.
BLSP 8k Acquisitions....
http://www.otcmarkets.com/edgar/GetFilingHtml...ID=8874148
Item 1.01. Entry into a Material Definitive Agreement.
On October 19, 2012, Blueshere Corporation (the “Registrant”) signed two definitive project agreements (the “Project Argreements”) to acquire 100% of Orbit Energy Inc.’s right, title and interest in, to and under two waste to energy projects in the United States: (i) an 5.2 MW waste to energy project in North Carolina and a 3.2 MW waste to energy project in Rhode Island. At each site, the Registrant will construct and operate a facility to accept organic food waste, anaerobically digest it to make biogas and compost and then use such biogas to produce heat and electricity. The Registrant will sell the heat, electricity and compost to local off-takers.
In both cases, Orbit Energy Inc.’s right, title and interest in, to and under such projects is held in limited liability companies (the “LLCs”), each of which will, subject to the fulfillment of certain conditions, be transferred to the Registrant.
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