Business
NORTHSTAR ANNOUNCES $14.0 MILLION ROYALTY TRANSACTION WITH CVW CLEANTECH
NORTHSTAR ANNOUNCES $14.0 MILLION ROYALTY TRANSACTION WITH CVW CLEANTECH Canada NewsWir...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n\n\n\n\n NORTHSTAR ANNOUNCES $14.0 MILLION ROYALTY TRANSACTION WITH CVW CLEANTECH\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n Highlights\n \n\n\n\n\n\n\n\n $14.0 million\n \n in a secured convertible debenture, convertible into royalties on two future Northstar facilities\n \n\n\n\n\n\n Rapidly accelerates Northstar's future growth plan\n \n\n\n\n\n\n Adds future financing optionality for Northstar assets\n \n\n\n\n\n\n Adds a reputable long-term financing partner\n \n\n\n\n\n\n Virtual investor webinar\n \n Thursday, August 8, 2024\n \n at\n \n 6:00am PT\n \n – see link\n \n\n\n\n\n here\n \n\n\n\n\n\n\n\n VANCOUVER, BC\n \n and\n \n CALGARY AB\n \n\n ,\n \n\n Aug. 7, 2024\n \n\n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\") is pleased to announce effective today it has entered into a definitive agreement with CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (\"CVW CleanTech\"), pursuant to which CVW CleanTech will provide Northstar with\n \n $14.0 million\n \n in funding (the \"Transaction\") through a five-year 10.0% second secured convertible debenture (the \"Royalty Debenture\") convertible into revenue royalties on two Northstar facilities.\n \n\n\n\n\n\n\n\n Experience the full interactive Multichannel News Release here:\n \n https://www.multivu.com/players/English/9270551-northstar-announces-royalty-transaction-cvw-cleantech-fund-expansion-program/\n \n\n\n The Transaction will be separated into two funding tranches from CVW CleanTech to Northstar:\n \n\n\n\n $1.5 million\n \n has been advanced (the \"Initial Debenture\") by CVW CleanTech for a five-year 10% unsecured debenture issued by Northstar that is convertible into a royalty agreement applicable to the next Northstar operating facility after the\n \n Calgary\n \n facility (\"Empower Calgary\").\n \n\n\n\n An additional\n \n $12.5 million\n \n , subject to certain co...