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Re: None

Thursday, 09/21/2017 9:47:28 AM

Thursday, September 21, 2017 9:47:28 AM

Post# of 122538
It appears there is massive confusion about financing for MMEX. There are claims that Hanks will go out to find $50 million himself. Of course he doesn't need to do so. In reality, he likely only needs to find $7-$10 million for the CDU. I submit the following:

Financing / US Export-Import Bank

VFuels is a 100% US company and is therefore eligible to assist its clients in obtaining financing and bank guarantees from the US Export-Import bank (EX/IM). Clients can be financed for up to seven years on 85% of the US content of their projects and 30% of the local content at very attractive rates. Cash down payments of 15% are required for EX/IM support, after which 100% of the project is guaranteed through EX/IM.

VFuels is also able to assist qualified buyers with private equity funding through its shareholders’ energy-specific funds.
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