BioPower Operations Corp (BOPO)

[Laster]

Has ANYONE actually read the CONTRACT????
First BOPO must raise $6 million in 30 days, THEN,
BOPO HAS to raise the $450 million in 90 days to execute this deal.
BOPO will arrange for an initial bond issue of at least Two Billion Two Hundred and Twenty Five Million Dollars USD ($2.25bn)
I just don’t get how they will obtain this type of financing and loans.

Read below.

https://contracts.justia.com/companies/biopower-operations-corp-8206/contract/1238930/

HYFI will arrange for an investment in POWGEX of not less than Six Million Dollars USD ($6,000,000) before fees and costs in the form of a note, loan or bond within 30 business days of this Agreement’s execution date according to a mutually agreed Term Sheet and Closing Date.

When the funds in 3.1.2 are received by POWGEX it will make a one Million Dollar USD ($1,000,000) loan to HYFI, repayable from the funds being raised and described in 3.1.4.

3.1.4. HYFI will arrange for an investment in POWGEX of not less than Four Hundred and Fifty Million Dollars USD ($450,000,000) before fees and costs in the form of a note, loan or bond within 90 business days of this contracts execution date according to a mutually agreed Term Sheet and Closing Date.


HYFI will arrange for investment in the JOINT VENTURE’S PROJECTS in the form of Bond Issues, working with such Financial Advisers, Broker Dealers, Banks and other as it deems necessary for success, on the following terms:

4.5.1. HYFI will arrange for an initial bond issue of at least Two Billion Two Hundred and Twenty Five Million Dollars USD ($2.25bn); and

4.5.2. HYFI will arrange for subsequent bond issues to meet the capital investment requirements of the JOINT VENTURE, which the PARTIES believe will total up to Five Hundred Billion Dollars ($500,000,000,000 USD) to provide up to 200 Gigawatts of electrical power.