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Replies to post #136743 on DD Support Board and Research Team
NEW YORK, June 12, 2017 (GLOBE NEWSWIRE) -- Tec CTL, Inc., a New York-based integrated oil & gas Company announced today that it HAS signed a binding commitment letter with Milost Global, Inc. for the $3 billion working capital facility and both the Company and the investor will be working on the closing documents.
Ms. Darlene Aulder, Age 27- Secretary, Treasurer.
Background of Darlene Aulder
From 2015 to present, Darlene Aulder has been the corporate secretary at Milost Global, Inc., a NY based private equity firm. From 2012 through 2015, Darlene Aulder was a corporate assistant secretary at Milost Advisors Inc., a New York investment banking company. On September 1, 2017, Ms. Aulder was appointed corporate secretary for Primewaterview located in NYC. Ms. Aulder’s responsibilities and duties as corporate secretary include managing all board and committee meeting logistics, attend and record minutes of all board and committee meetings; facilitate board communications and maintain key corporate documents and records.
LAGOS, Nigeria, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Primewaterview Limited a Nigeria based Real Estate Development & Investment Firm is pleased to announce that it has executed a $2 billion prelisting financing term sheet with Milost Global Inc (the "Investor") to fund its development projects in Nigeria. The financing is expected to be comprised of $1.3 billion in equity capital and $700 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. On this transaction, Primewaterview Limited was advised by its lead advisor Palewater Advisory Group Inc through its Johannesburg office.
Milost claimed it was approached in 2017 by Unity Bank’s chief executive officer and chief financial officer over the deal.
“Following the call, a desk top due diligence was conducted by Milost to its satisfaction. On September 4, 2017 a $1billion financing term sheet was fully executed by both Milost and Unity Bank,” the statement said.
It also said “The facility, a combo of equity and debt, was provided on the exciting understanding that Unity Bank would delist on the Nigerian Stock Exchange and move its listing to the US” adding that the “The signed term sheet was approved by the board of Unity Bank.”
In a swift reaction, Unity Bank had refuted claims it signed a deal with Milost insisting that all that was between the parties was negotiations and not a deal, as it were.
Unity Bank Plc in a statement said it didn’t enter into a 60 per cent holding structure or a $1bn investment contract with Milost Global Incorporated.
The bank’s statement posted on the Nigerian Stock Exchange (NSE) website also said it didn’t at any time agreed to move its listing from the NSE to the U.S.
It said of Milost Global Inc. that it “is one of the prospective investors introduced to the bank by a local entity called Mayo BV.”
“It is not unusual that this introduction and expression of interests would involve some level of preliminary discussions and exchange of non-binding documentary communication between the intending parties towards establishing mutual foundation on which the transaction contemplated would be initiated” the bank had explained.
It claimed that “The “Term Sheet” dated Sept. 4, 2017 was just a “proposal” submitted by Milost Global Inc. “for discussion purposes only and not a commitment” by the two parties.
“No definitive documentation governing the proposed financing was executed,” it said.
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