The Tirex Corporation (TXMC)

[PennyWise7]

The JV Agreement states that each of the 3 partners has to put in their repective portion of the initial capital. Each company will be obtaining funds independantly, from whatever source. The funds going in will all be treated as loans to the JV.

Financing seems a bit tricky when the lender will be loaning $$$ to let's say Tirex, which then will be loaning the same funds to put into the JV.

Each of the 3 companies may (likely) be doing their financing separately...which could include using current capital and/or borrowed funds.

Takes all three to move forward.

Also, one or more of the 3 appears to have to make addtional loans to the JV which will not be reflected in their % interest. Greater risk without reward in profits.

Much is involved.