IGE 0.00% 13.0¢ integrated green energy solutions ltd

Ann: Quarterly Operations Review and Appendix 4C, page-36

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    Over year late on funding now:
    From Ann:01/11/2019

    Structured Growth Capital During the quarter IGES successfully settled on an amendment to its loan facility with their funders Structured Growth Capital Inc (“SGC” that better aligns with the Company’s global strategy.
    IGES entered a loan agreement on 7 June 2017 with their funders Structured Growth Capital Inc (“SGC” for a loan facility of US$90 million. As previously disclosed on 21 August 2017, this loan agreement was entered into with Integrated Green Energy UK Limited (“IGE UK”. At the time the funding was committed to be utilised for four plants within the United Kingdom. Subsequent to that announcement the Company has released information on its many global initiatives. Of note are the three sites that IGES are developing in Amsterdam, the United Kingdom and Thailand. All these sites have attained a full environmental approval to operate and are at various stages of development. The SGC loan facility is needed and will be used to construct all these facilities to varying degrees. To allow this to occur IGES and SGC needed to renegotiate the existing loan facility to reflect these changed operating conditions and the Company is pleased to announce that it has been agreed that the loan monies will be utilised to fund sites in a number of territories, as well as those in the United Kingdom.

    Looks like they have been to busy reading this,
    and spending their huge wages....
 
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Currently unlisted public company.

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