NU E Power Corp. Signs Letter of Intent to Acquire Land in the Regina Area
NU E Power signed a non-binding LOI to acquire approximately 29.44 acres in the Regina area for $2.7 million, advancing its Saskatchewan power park development. The deal structure includes a $500,000 deposit, $600,000 at closing, and a $1.6 million vendor take-back loan, alongside a separate $100,000 working capital deposit for zoning costs.
Key figures
- Deal Value Usd
- 2700000
- Acres
- 29.44 acres
- Deposit
- $500,000
- Closing payment
- $600,000
- Vendor take back loan
- $1,600,000
- Working capital deposit
- $100,000
AI analysis
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