Replies to post #10907 on Biomass Secure Power Inc. (BMSPF)

[OCR8now]

From the M D & A dated 11-08-16

The Company has engaged Bank of America Merrill Lynch to assist with the funding of a tax exempt bond in the amount of $42 million to complete phase one of the bio-coal plant at Natchitoches Louisiana. Phase one will see the construction of 200,000 tonne/yr bio-coal manufacturing facility that will be selling its product to a European end user under an off-take agreement for 160,000 tonne/yr for a minimum period of 20 years.