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Re: DTB82 post# 5978

Wednesday, 05/05/2010 2:51:59 PM

Wednesday, May 05, 2010 2:51:59 PM

Post# of 17504
According to the chairman of the financing company they used, there is more $$$ avail after AWSL use up the "initial" $120 mil


This was his quote on the P.R.....


"We at CanadESCO are pleased to have signed this initial Financing Agreement with Atlantic Wind and Solar Inc. and look forward to a long and prosperous relationship during which we hope to facilitate further funding to support AWSL's long term growth trajectory."

.....David Schenk - Canada Green ESCO Inc.


I did some digging, and it turns out that the chairman of CanadEsco, David Schenk, and the CEO, Oleg Feldgajer, both worked at the Bank of Nova Scotia in Toronto prior to launching CanadEsco....


.....for those of you who don't recall, AWSL's CFO was a director at Scotiabank in Toronto for 20 years, prior to leaving his position to help start AWSL....The saying "It's all about who you know" definitely comes to mind right about now.

I also hear that Scotiabank is going to be starting a fund for renewable energy projects in Ontario in approx 6 months, which also means Royal, CIBC and TD will be sure to do the same.