EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) CEO John Gamble tells Proactive the Ontario-based firm has formed a second finance agreement with finance firm Brevet Capital. Gamble says Brevet will finance the company's Puerto Rico Project, funded by the Federal Emergency Management Agency and the Department of Housing and Urban Development. Gamble adds the $100 million project financing facility and an initial US$10 million drawdown will enable EHT to fulfill all the Housing Material orders that are currently being negotiated, which amount to 16,000 at present with an average price of US$130,000 per house, and pursue new orders.
EnerDynamic Hybrid Technologies Corp forms $100M finance agreement to fund Puerto Rico Project
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