STL Marketing Group, Inc. (fka STLK)

[quikfix]

STLK CEO Clarifies Financing Options

From: Jose Quiros [mailto:[e-mail]]
Sent: Tuesday, February 19, 2013 3:59 PM
To:
Subject: Re: Question about financing

Good afternoon,

The PPA is not in hand yet and yes funding today is harder than before. As to debt, no debt is possible without some equity. We have added the $1.15 plus of equity from our side and undertaken a merger to be better positioned to raise funds. No debt is $0 down. The best deal we could find was Ex-Im at a 15%/85%, equity to debt ratio. We can get these ratios without assets due to the PPA (which is the asset). We expect the actual final equity to debt ratio to be 20/80. The PPA, when it comes in, will help us secure approximately $45-48 million in deb, reducing capital needs and dilution. The Ex-Im offer 18 years and with country risk insurance included around 4% interest (varies with time).

Items needed for financial closing are and updated AEP, an interconnection study etc. Those should sound familiar by now.

Thanks,

José P. Quirós
CEO/Managing Director
STLK/ Versant Corporation
Skype jose.quiros1
www.v3rsant.com

Tel. (USA): +1.719.219.5797
Mobile (USA) +1.719.505.3785
Tel. (Costa Rica): +506.2505.5840


From:
Sent: Tuesday, February 19, 2013 2:51 PM
To: 'Jose Quiros'
Subject: Question about financing

Hi Jose,

Investors are wondering why STLK choose equity financing over debt financing and why is it so difficult to find outside debt funding especially after a PPA was in place with long term future revenue potential? Thanks again!