Energiz Renewable (ERIP) 0.0200 $ERIP ERIP Gets Letter

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Energiz Renewable (ERIP) 0.0200 $ERIP

ERIP Gets Letter of Interest for $61.4 Million Financing of Helios Power Asset Purchase
Marketwired - Wed Nov 19, 3:07PM CST
Energiz Renewable Inc. (OTC PINK: ERIP) today announced that it received a Letter of Interest (LOI) from National Standard Finance LLC, http://www.nationalstandardfinance.com/ to finance an asset purchase agreement from Helios Power valued at $61.4 US million (EUR 48 million Euro). The financing will purchase six operational, turnkey projects currently connected to the grid producing a total of 17.842 MWp annually. ERIP's plan to acquire the assets from Helios Power was announced on October 21 of this year. John H. McCulloch, senior vice president, National Standard Finance, stated that upon completion of this deal NSF is looking forward to potentially financing additional sites that ERIP is evaluating in the region.

ERIP Proposed Transaction Valued at EUR 48 Million or $61.4 Million
Marketwired - Tue Oct 21, 7:30AM CDT
Energiz Renewable Inc. (PINKSHEETS: ERIP) today announced it has entered into a Letter of Intent with Helios Power along with Archfeld LLP as an agent to Sellers to purchase six turnkey projects operational connected to the grid producing a total of 17.842 MWp, located in 6 different locations in Bulgaria for EUR 48 million Euro or equivalent in US dollars $61.4 million (the "Purchase Price" for the purchase of all the Assets. David Brown, Chairman of ERIP stated "that the acquisition of Helios an operating profitable business will fit in with our strategic plan in the region that currently includes both Turkey and Bulgaria."

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