Auscrete Corporation (ASCK)

[brucebill]

.................MUST READ............On Monday, 10/3/16 the lender forwarded the final agreement and terms to Auscrete which were in line with the discussions held over the last 5 weeks. And are generally as follows.

Stage one is for $10 million of loan funding that will not create any dilution of the stock and is to enable the acquisition of land in Jamaica and Oregon and to finance the construction of the first production plant. Additionally, the company will carry out necessary organization for the Jamaica plant and for land development in preparation for the construction of 1,500 affordable homes.

Stage two in 6 months will be for further funding of a $6 million loan facility, once again non diluting, to prepare the building sites, install utilities and build access roads to the development in preparation for construction.