Blockbuster News on BGMO - Just Released:
Pakistani Government Confirms in Writing the Sovereign Guarantee for Bergamo's $1 Billion USD Pakistani Energy Projects
Bergamo Makes Two Letters Available on the Bergamo Corporate Web Site
Las Vegas, NV-October 5, 2099-Bergamo Acquisition Corp. (Pink Sheets OTC: BGMO) announced the receipt of two letters regarding the Pakistani Energy Projects. The first letter dated October 1, 2009, from the Sindh Board of Investment for the Province of Sindh in Pakistan refers to the $1 Billion USD investment in the power sector for the Province of Sindh. The purpose of the letter was to forward the second letter confirming the Sovereign Guarantee for the $1 Billion USD projects from the Pakistani Government's Board of Investment, part of the Ministry of Investment for Pakistan. The letter states, "I am pleased to confirm that the power purchased by the Government of Pakistan through PEPCO/NTDC is backed by the sovereign guarantees of the Government of Pakistan." The letter is signed by Shabir Riaz for Mr. Arif Elahi, Secretary, Sindh Board of Investment for the Government of Sindh.
Hillard Herzog, President and CEO of Bergamo Acquisition Corp, commented, "I am very excited that we now have in our hands the confirmation of the Sovereign Guarantee for the investor. This means we can immediately move forward on closing this investment and get these projects funded and started."
Plans are now for Mr. Herzog to travel to Europe next week to complete final negotiations for the investment. As stated in a press release of September 22, 2009, the Company expects to be able to announce the completion of the agreements and the funding shortly now that the investor has been supplied with proof of the Sovereign Guarantee.
These documents are available for viewing on the Bergamo web site at:
No comments:
Post a Comment