NACEL Energy Corp.'s principal financier, JMJ Financial, has agreed to terms and has executed a series of notes, which, if fully exercised, will provide a total of $2.8 million in financing for Crownbutte Wind Power Inc.
In January, NACEL acquired two blocks of the common stock of Crownbutte and became its largest shareholder.
Crownbutte recently exercised and delivered a $330,000 promissory note in exchange for JMJ's delivery of a $300,000 secured and convertible promissory note.
Leave a Comment
Your email address will not be published. Required fields are marked *