NACEL Energy Corp. has closed and received $300,000 in capital funding. A $300,000 secured and collateralized promissory note was executed earlier this year with JMJ Financial. If this and similarly structured notes are closed and fully funded as planned over the next 36 months, NACEL will receive an aggregate $4.3 million in capital funding.
Under the terms of the funding arrangement with JMJ Financial, future transactions are not a certainty, but are dependent upon events, including and without limitation, the company's progress in developing its wind energy projects, its financial condition and other business factors.
SOURCE: NACEL Energy Corp.