Step 1:Find and secure land for the wind turbine facility, Earlier this year, the Company executed a long-term land lease agreement for the site. In total, the Company has exclusive access to 5,300 hectares of land. The land is accessible from public roads, is generally flat, and has an existing infrastructure that should assist with the overall construction costs. This step is complete.
Step 2: STLK hired GL Garrad Hassan, a well know international firm, to undertake the analysis regarding the amount of kWh the proposed plant should generate per year, based on the wind measurements. This step is now complete and makes way for step 3. http://www.gl-garradhassan.com/en/index.php
Step 3: Armed with this data, STLK's primary focus for Q1 2013 is the Power Purchase Agreement. A Power Purchase Agreement is a long-term (we expect twenty years) contract for the purchase of all power generated at the plant, at a specified rate per kWh. This should come fast as there is a power shortage in Costa Rica. V3rsant is currently in negiotiations with a government entity regarding a Power Purchase Plan.
Step 4: With a Power Purchase Agreement in hand, the 15% capital investment should come from a savvy investor, with the LOI from the EXIM bank making up the other 85%. As of December 31, 2011 the Company had raised $1.15 million in private equity
Step 5: Build the $60M wind turbine facility. The Company expects to install a 37.5 MW power facility. Based on its wind studies and current data, this facility is expected to generate an estimated 137.5 million kWh annually.
On October 15th, 2012, STL Marketing Group, Inc. and Versant Corporation agreed to merge. As a result, the Company is currently undergoing the process of updating its OTC information, as well as working towards filing its S-1 registration. Currently, all its filings are at www.otcmarkets.com. Once the S-1 is filed and accepted, the Company will begin to post all its information on this web site and include all its EDGAR filings.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.