Kallo Inc. (KALO)

[lloydm]

Exim Bank (Export Import Bank) has extended a line of credit of USD 35 million to Republic of Guinea for construction and upgradation of hospitals. Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of Guinea for a line of credit of USD 35 million for construction and up gradation of regional hospitals at Kankan and Nzerekore in Guinea, RBI said in a release. The goods, machinery, equipment, and services including consultancy services from India for exports under the agreement are eligible for export under the Foreign Trade Policy of India. Out of the total credit by Exim Bank under this, goods and services including consultancy services of at least 75 percent of contract price will be supplied by the seller from India. The remaining 25 percent goods and services may be procured by the seller from outside India.

http://www.moneycontrol.com/news/business/exim-bank-to-support-guinea3635-mn-linecredit_8089281.html

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Kallo signed $200 million dollar contract to build a couple of hospitals, including mobile clinic(s) the deal is work over $800 million. Kallo is awaiting down-payment from Guinea to start the work.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11405075
On January 23, 2014, Kallo announced the signing of a US$200,000,925 (Two Hundred million nine hundred and twenty-five US dollars) Supply Contract with the Ministry of Health and Public Hygiene of the Republic Of Guinea. On April 14, 2015, the Minister of Health and Public Hygiene, in a letter confirmed the selection of Kallo Inc., as supplier pursuant to the MobilCare TM Supply Contract, to design and build specialized hospitals in the regions of Conakry, Kindia, Labe, Kankan and Nzerekore, and asked Kallo to mobilize its technical teams for site visits to engage in preliminary studies for the construction of these hospitals. No equipment has been sold under the terms of this supply contract. There is no assurance any equipment will be purchased under this supply contract.