Trade Alert: Bergamo Acquistion Corp (OTC: BGMO)
News from BGMO
Quote Regarding Closing of $1 Billion USD Funding:
"The Company currently expects to close on this transaction during the European visit next week."
READ NEWS BELOW:
Sovereign Guarantee for Pakistani Energy Projects
The Sovereign Guarantee Document and Letters from the Pakistan Government Available on Bergamo Web Site
October 8, 2009 - Las Vegas, NV - Bergamo Acquisition Corp (OTC Pink Sheets: BGMO) announced today that the Company is in receipt of a copy of the Sovereign Guarantee for the Pakistani Energy Projects. Included in the Sovereign Guarantee will be the two energy projects from the Company's wholly owned subsidiary, Bergamo E & A. These include a clean coal energy plant and a series of solar power generating projects. All projects total approximately $1 Billion USD, and it is the payment of the energy that is guaranteed by the Pakistani Government in the Sovereign Guarantee. The terms and conditions of the Sovereign Guarantee are anticipated to be acceptable to the investment group.
On Monday, October 12, 2009, Bergamo Acquisition Corp President and CEO, Hillard Herzog, will be traveling to Europe to finalize arrangements for the projects. Mr. Herzog has his first meeting on Tuesday regarding the Pakistani Energy Projects. The Company currently expects to close on this transaction during the European visit next week. Investors should note that a transaction of this size and complexity can still be delayed, however, at this time, the Company sees nothing that will slow or halt the process. Shortly after closing, the investment group will release $1 billion USD to Bergamo E & A and the projects will commence.
A faxed copy of the draft Sovereign Guaranty can be seen at: http://www.bergamocorp.com/?p=214
Earlier this week, Bergamo posted documents from the Pakistani Government also discussing the Sovereign Guarantee. Those can be found here: http://www.bergamocorp.com/?p=202
Also, while in Europe next week, Mr. Herzog will meet with the lenders of the previously announced $100 Million USD domestic financing. This domestic financing is not connected to the Pakistani energy projects. Updates to investors on this funding will be announced shortly.
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