The Company received the confirmation by Studio Pezzella of issuance of a $3.000.000,00 revolving guarantee and incoming transfer in trust according to the terms and conditions of the contract.
The Company has retained a new finance group in Italy who has developed institutional financing for the acquisition and development of additional renewable energy projects and has agreed to facilitate a substantial credit line where the European government supported foundations have appropriated a full range of grants and or public subventions that cover the cost of acquisition and working capital and operating cost for our GRONE and renewable energy projects for a period up to 12 years.