This is a VERY SUBSTANTIAL PR. InREFCo seems to hve a reputation of getting comps to solid funding who in turn hve been assessed on solid income return. We hve 4 backup sources for financing on a positive note. $45M financing doesnt happen overnight but all required fundamentals are recognized to be in place. Anyone who is able to read should be very excited.
Quote:
GESI Enters Second Phase With Two $45M Funders for 200 Ton Per Day Waste Energy Project
Print
Alert
Green Energy Solution Ind (PC) (USOTC:GESI)
Intraday Stock Chart
Today : Friday 8 June 2012
Click Here for more Green Energy Solution Ind (PC) Charts.
Green Energy Solution Industries, Inc. (PINKSHEETS:GESI) announces the Company has progressed into due diligence phases with two introduced funding sources for the provision of the previously announced $45 million dollars being sought for the build out the 200 ton per day energy production facility from waste rail ties in Alberta, Canada. InREFCo has made progress for GESI by not only introducing the two financing entities that have entered into negotiated terms for the project partnership, but other alternative energy investment sources who are seeking to back the project . InREFCo's first two funders are now in the due diligence phase for the project financing over long term projected revenue streams . The funding through all the introduced firms has been based on 5 to 10 year project pro formas where the energy revenues will pay for build out expenses from expected conservative existing energy revenue pricing. The build out of the facility will be done in phases including site engineering and construction. GESI and InREFCo are positive as to the funding availability under favorable terms, given the revenue projections of the 200 ton per day project utilizing waste rail ties as the energy source.
InREFCo has taken the Company from introduction to financing sources, and has now brought GESI to the due diligence phase for funding of a plant build out. The negotiated funding sources brought to GESI by InREFCo, will avoid underwriting issues , and be more flexible than traditional energy based power facility financing, with payoffs based on expected larger energy rates for the electrical or fuel market prices available given the global and North American economies. InREFCo has a solid history of funding successes, that enhances GESI's ability to finalize and carry out the funding of the waste rail tie to energy project. The Company's projections of revenue for the 200 ton per day plant fully and completely support such commercial financial pro formas of funding payment schedules.
GESI had previously announced that InREFCo was bringing the Company into the financing of the alternative energy plant. InREFCo has worked diligently with GESI, through CEO Gordon MacKay through the process, and expect a series of final terms to choose from for the backing of the project. As well InREFCo has made numerous introductions for the technology selection and now GESI expects that given the momentum of negotiations, that a final selection for financing could be within thirty to forty five days.
Quote:
GESI Enters Second Phase With Two $45M Funders for 200 Ton Per Day Waste Energy Project
Alert
Green Energy Solution Ind (PC) (USOTC:GESI)
Intraday Stock Chart
Today : Friday 8 June 2012
Click Here for more Green Energy Solution Ind (PC) Charts.
Green Energy Solution Industries, Inc. (PINKSHEETS:GESI) announces the Company has progressed into due diligence phases with two introduced funding sources for the provision of the previously announced $45 million dollars being sought for the build out the 200 ton per day energy production facility from waste rail ties in Alberta, Canada. InREFCo has made progress for GESI by not only introducing the two financing entities that have entered into negotiated terms for the project partnership, but other alternative energy investment sources who are seeking to back the project . InREFCo's first two funders are now in the due diligence phase for the project financing over long term projected revenue streams . The funding through all the introduced firms has been based on 5 to 10 year project pro formas where the energy revenues will pay for build out expenses from expected conservative existing energy revenue pricing. The build out of the facility will be done in phases including site engineering and construction. GESI and InREFCo are positive as to the funding availability under favorable terms, given the revenue projections of the 200 ton per day project utilizing waste rail ties as the energy source.
InREFCo has taken the Company from introduction to financing sources, and has now brought GESI to the due diligence phase for funding of a plant build out. The negotiated funding sources brought to GESI by InREFCo, will avoid underwriting issues , and be more flexible than traditional energy based power facility financing, with payoffs based on expected larger energy rates for the electrical or fuel market prices available given the global and North American economies. InREFCo has a solid history of funding successes, that enhances GESI's ability to finalize and carry out the funding of the waste rail tie to energy project. The Company's projections of revenue for the 200 ton per day plant fully and completely support such commercial financial pro formas of funding payment schedules.
GESI had previously announced that InREFCo was bringing the Company into the financing of the alternative energy plant. InREFCo has worked diligently with GESI, through CEO Gordon MacKay through the process, and expect a series of final terms to choose from for the backing of the project. As well InREFCo has made numerous introductions for the technology selection and now GESI expects that given the momentum of negotiations, that a final selection for financing could be within thirty to forty five days.
