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Sunday, August 04, 2013 1:13:19 PM
Bergamo Acquisition Corp. (BGMO) Enters Investment Agreement With National Wealth International 0 comments
Jan 9, 2013 5:32 PM | about stocks: BGMO.PK
After today's closing bell, Bergamo Acquisition, a global investment holding company, announced that it has signed an investment agreement with National Wealth International Ltd., a privately held investment company.
Bergamo Acquisition's wholly owned European subsidiary has been provided with cashed-backed securities consisting of three separate tranches of US $500 Million issued through HSBC Bank, one of the world's largest banking and financial services organizations. These funds from National Wealth International will remain on deposit in accounts held by Bergamo Acquisition's European subsidiary.
According to today's press release, all profits spawned from the use of the funds will be deposited in full to the bank of Bergamo's European subsidiary company. These profits will be divided 50/50 between National Wealth International Ltd. and the European subsidiary company of Bergamo Acquisition as mandated by the profit-sharing agreement.
Bergamo Acquisition also told investors that the parties have agreed that no less than US $88 million, or its equivalent value in Euros, shall remain on deposit in the account of Bergamo Acquisition's European subsidiary for a period of one year. This amount represents the initial profit earned from the first US $500 million cash-backed securities investments entered into between the parties previously, as set forth in Bergamo's most recent consolidated financial report compiled by L.L. Bradford & Company LLC, a public accounting firm based in Nevada.
For more information, visit BergamoCorp.com
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Stocks: BGMO.PK
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