The Company has received written confirmation from GRES that they “have a Bank Guarantee provider ready and believe that we (they) can complete this within 10 banking days subject to a commitment from Crimea Energy Limited”. Aleator is working with GRES to achieve this timeframe, and upon receipt of the Bank Guarantee, the credit line should be opened within a further five banking days.
My guess is that the "commitment" from Crimea Energy Limited is that they have cash in the bank. (Note: Crimea Energy Limited BVI is a 100% owned subsidiary of AWD)
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