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Sunday, February 17, 2019 11:46:37 AM
The Company will receive the first draw of $2.5 million from this finance facility immediately; and will deploy this capital to build the first line in our centralized Carbon Finishing Plant in Ohio. GETH will utilize the remainder of the finance facility to build two GEN 1 End of Life Tire Processing Plants in the USA and undertake additional projects. All of these projects will be subject to the successful due diligence and underwriting of each project.
http://greenenvirotech.com/news/green-envirotech-holdings-corp-signs-a-100-million-lease-and-working-capital-credit-facility-from-reads-leasing-and-credit-llc-and-secures-the-first-commitment-and-immediate-draw-of-2-5-million/
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