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Northstar Reports Second Quarter 2023 Financial Results
Northstar Reports Second Quarter 2023 Financial Results Canada NewsWire Rec...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Northstar Reports Second Quarter 2023 Financial Results\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 \n Recent Highlights\n \n \n \n \n \n \n \n Announced the execution of a definitive credit agreement for\n \n $8.75 million\n \n in senior secured project debt from BDC for construction of the Empower Calgary Facility\n \n \n \n \n \n \n Announced a\n \n US$10.0 million\n \n strategic investment over two phases from TAMKO Building Products\n \n \n \n \n \n \n Announced the execution of a contribution agreement with ERA for the government grant award of up to\n \n $7.1 million\n \n for the Empower Calgary Facility\n \n \n \n \n \n \n The combination of funding from ERA, BDC and TAMKO fully funds the development and construction of the Empower Calgary Facility\n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 24, 2023\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that it has filed its second quarter 2023 unaudited financial statements and management's discussion and analysis on SEDAR for the six months ended\n \n June 30, 2023\n \n . These documents are also available on the Company's website at\n \n www.northstarcleantech.com\n \n .\n \n \n \n \n \n \n \n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated, \"Our recent progress was punctuated by the execution of a term sheet for\n \n $8.75 million\n \n in debt with BDC in mid-June and shortly thereafter, we entered into a definitive credit agreement on similar terms in early\n \n July 2023\n \n . Securing attractive project debt was a key part of our strategy to fully fund the development and construction of the planned Empower Calgary Facility.\"\n \n \n \"In July, we secured a\n \n US$10.0 million\n \n strategic investment from TAMKO, one of America's largest independent shingle manufacturers. By closing Phase 1 of this strategic investment of approximately\n \n C$8.5 million\n \n in preferred s...