Conifex sawmill residuals to provide power
Sept. 16, 2013, Vancouver - Conifex has received oral confirmation that it shall receive a commitment for secured project financing for its planned 36MW bioenergy power project in Mackenzie, British Columbia in the aggregate amount of approximately $100 million from a syndicate of lenders. As a result, Conifex has recommenced construction of the power project. Conifex expects to receive formal commitment for the project financing shortly.
The project financing will be subject to customary closing conditions, including completion of definitive documentation, which shall contain customary representations, warranties and covenants for a project financing of the type contemplated.