BLUE SKY BREAKOUT

[~ Blue ~]

$SNPW(.001) ~ current project per share $.017



8,725,000 / 518 million outstanding shares= .01684 per share.

October 15, 2019 09:15 ET | Source: Sun Pacific Holding Corp.
MANALAPAN, N.J., Oct. 15, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (OTHER OTC: SNPW) announces that its subsidiary, MedRecycler–RI, Inc. (“MedRecycler”), has entered into a modification to its original Indenture Agreement, adding $2.7 million in additional funding for its medical waste to clean energy project in the State of Rhode Island. The total funding under the Indenture Agreement for the MedRecycler project is now $8,725,000. The debt facility modification for this agreement matures on January 29, 2020.

The intent of the short-term modification to the indenture agreement is to allow MedRecycler to continue with the delivery, buildout, and assembly of the equipment for the facility, while it works through the terms, conditions, and other requirements for its long-term financing plans for the project.