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CVW CLEANTECH ANNOUNCES RECEIPT OF MULTIPLE PROJECT FINANCING SUPPORT LETTERS
CVW CLEANTECH ANNOUNCES RECEIPT OF MULTIPLE PROJECT FINANCING SUPPORT LETTERS Canada Ne...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n \n \n \n CVW CLEANTECH ANNOUNCES RECEIPT OF MULTIPLE PROJECT FINANCING SUPPORT LETTERS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 4, 2023\n \n \n /CNW/ -\n \n CVW CleanTech Inc. (the \"Company\" or \"CVW CleanTech\")\n \n (TSXV: CVW) is pleased to announce that it has received significant initial interest from prospective financial institutions, including Canadian and global institutions, to provide project financing for the potential development of a Creating Value from Waste (\"CVW\n \n TM\n \n \") project. To date, CVW CleanTech has received 5 non-binding expressions of interest totalling\n \n $625 million\n \n in aggregate for a potential project advancing a critical pillar of the financing requirements for commercialization of the CVW\n \n TM\n \n technology. These expressions of interest are subject to a variety of conditions including achieving additional commercial milestones, satisfactory due diligence, and the entering into of definitive documentation.\n \n \n \n \n \n \n \n \n \n CVW CleanTech's CEO,\n \n Akshay Dubey\n \n , said: \"Receipt of project financing support letters is a significant step towards the development of a first CVW\n \n TM\n \n project. Our Board of Directors and executive team are extremely pleased with the quality relationships established with potential credit providers and the progress of project financing discussions. The quality of financial institutions and volume of support received further validates the strong underlying economics associated with our technology along with the extensive environmental benef...