Final Agreement with JT Capital signed

The final agreement with JT Capital has been signed. Agreement is initially for two fully financed WTE plants in Ukraine, where JT Capital provide for the complete project financing, including pre development/ working capital. After commissioning of the plant the financing will be through a convertible Bond with right for JTC to convert at the SPV level to 35% equity. Cindrigo will support initial costs of raising the financial instruments with 1.5 MUSD.