SNPW 8K filing on proposed $40 Million financing f
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Posted On: 05/10/2021 4:08:25 PM
SNPW 8K filing on proposed $40 Million financing for Durango Solar Farm:
https://www.otcmarkets.com/filing/html?id=149...qHKGk_sB3h
May 10, 2021
Section 8 – Other Events
On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.
https://www.otcmarkets.com/filing/html?id=149...qHKGk_sB3h
May 10, 2021
Section 8 – Other Events
On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.
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