$300 Million Dollars, page-3

Market Announcement
3 February 2020
3 February 2020 Market Announcement 1/1
ASX Limited ASX Customer Service Centre 131 279 | asx.com.au
Attached for the information of the market is ASX’s query letter to Integrated Green Energy Solutions Ltd
(ASX:IGE) dated 22 January 2020 and IGE’s response dated 31 January 2020.
ASX’s enquiries are ongoing. IGE’s securities will remain suspended until further notice.



c. Tangier Service Enterprises, Inc (“Tangier”): IGE anticipates receiving a down payment of
US$39.6 million from Integrated Green Partners, LLC (IGP), the joint venture company held on
a 50%/50% basis with GEP Fuel & Energy Indiana, LLC (“GEP”), who informs IGE that GEP has
sourced US$300 million for the construction of the IGP facility planned for Camden, Indiana.
This was stated in our ASX announcement dated 15 January 2020. Further to the
announcement on 17 January 2020, GEP have advised that the US$300 million funding
sourced via Tangier is on track and will be released by 14 February 2020. This update has been
provided to IGE by GEP as part of GEP’s contractual obligations to the IGP partnership to
secure site funding for ASR sites in the USA. The Chief Executive Officer and President of GEP,
Mr Stephen Hogan, has nominated himself as the GEP lead on the funding initiative, which
equates to the following responsibilities:
• Identify and perform due diligence on any prospective funder;
• Be the sole interface with funders;
• Negotiate the funding contract; and
• Execute the funding contract.
The Chief Executive Officer and President of GEP, Mr Stephen Hogan: