Delorean Corporation Ltd (AU:DEL) has released an update.
Delorean Corporation Ltd has announced the successful financial close of a $30m corporate finance facility with Tanarra, enabling the commencement of construction for its SA1 Project, a key part of its $500m+ pipeline of bioenergy projects. This strategic move towards a Build-Own-Operate model is expected to generate stable cash flow and fuel the development of additional bioenergy projects. The first $5m of funding is also facilitating the redemption of existing convertible notes, leaving Delorean free of convertible debt.
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