Wednesday, June 01, 2011 12:51:17 PM
This loan is for an asset. TMSH may very well not have to give up anything. Please take the time and read it.
TransGlobal Assets, Inc. (OTCQB: TMSH) (PINKSHEETS: TMSH) is pleased to
formally announce the Company has secured a 5 Million Euro ($7M USD) loan with
a reputable Bulgarian bank through WIEC, a Bulgarian corporation and a
strategic alliance partner of the Company. The loan is dedicated to the
development of a Bulgarian-based PV Solar project. The solar park sought for
acquisition is a 2.5 MW project with estimated annual revenues of 1,677,900Euro ($2,365,839 USD). Under a 20 year contract, estimated revenues are
expected to reach 33,558,000 Euro ($47,316,780 USD).
NOTE It said acquistion. That would tell me that it is up and already producing revenue. Bank owns the Park, TMSH makes payment is what I see.
Always do your own DD, Posts are not meant for anyone to buy or sell anything.
GB FatCst
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM