Sun Pacific Holding Corp (SNPW)

[wallstreet1231]

Any updates/filing regarding the Durango project since the filing back in May - see below. Is financing now obligated? Has NMC secured a role in the project? TIA


Section 8 – Other Events


On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

https://www.otcmarkets.com/filing/html?id=14939041&guid=ojbwkFQ01_6YOth

My opinions.