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Article: Bergamo Acquisitions Corp. Announces $100 Million USD Funding through the Bank of India.
- Article from:
- Journal of India
- Article date:
- September 22, 2009
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Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO) announced a $100 million USD financing to be funded through The Bank of India. Bergamo Acquisition Corp. will use the funding to finance domestic projects, although there are no limitations on the use of funds. The funding is a loan and is secured by Bergamo's common stock at a price of $1.00 per share. Additional tranches are available at between $2 and $4 per share at the discretion of Bergamo Acquisition Corp. Bergamo intends to repay the loan within twelve months. Domestic projects have already been identified and secured for the use of these funds, and those projects will be announced shortly. Bergamo will be drawing ...