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Monday, November 16, 2009 10:36:23 AM
Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced today the execution of the escrow agreement for domestic funding. The escrow sets aside the fees associated with the $250 Million USD funding. This step is required before funds can be released to Bergamo Acquisition Corp. With the escrow agreement in place, the Company will be able to draw $250 Million USD less fees of the $500 million USD funding commitment.
The Company anticipates that another update will be issued once the funds have been released and are available to BGMO for the initial domestic acquisitions. Hillard Herzog, President of Bergamo, leaves today for Pakistan with regards to the Pakistani Energy Projects that are currently pending. An update to investors on that funding will be forthcoming.
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http://ih.advfn.com/p.php?pid=nmona&article=40377743&symbol=NO%5EBGMO
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