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Message: from corp outlook (dec 2011)
To facilitate the ongoing development of the BC Projects, the Company has entered into a project development agreement in July 2010 with GE Energy LLC (“GEE”), to provide project funding of up to $7,500,000, which has been fully funded as of the date of this MD&A, and in 2011 has agreed on indicative terms with GE Energy Financial Services to fund 100% of the project equity cash requirements in the $200 million, 77 MW Wildmare Wind Energy Project. Subject to the Company receiving an Environmental Assessment Certificate from the Province of BC, completion of the equity funding noted above and the closing of the debt financing portion, construction would commence. The Company continues its development work on the other BC Projects and is working towards similar debt and equity funding agreements for those projects. ... this is for the Wildmare project , so I wonder how the financing for Tumbler is going. Seems they have a template so it should move quickly and smoothly.
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