Friday, July 25, 2014 10:14:05 PM
The approved project model is merely an indication that the approach has been reviewed and verified as being properly structured within the guidelines so that investors committing know that if they qualify they can expect approval. However, the conditions of the investment model can be updated as the project evolves. So, nothing precludes a group of investors and the project from accommodating current situations within a similar or completely different model. Besides, the 40% given up has a term (period of time) and once that has been completed the remainder is not part of the project distributions. Funding the Ruby Gold Inc. subsidiary could now mean 40% of the subsidiaries share; completely leaving out NBRI's remaining 50% and hence shareholders receiving distributions of Ruby Gold Inc. could be sharing some of the RGI value (not the equity) while retaining all of their share that is through ownership in NBRI. Per the terms of the NBRI/RGI agreement the money received from the EB-5 into the partnership and used by RGI could be used to repay front-end investment costs to NBRI. The remaining requirement that all of this final resolution would have to be certain of ensuring is that there is the "new employment" required during the required time frame for the EB-5 project to remain viable for approval.
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