Sovereign Guarantee for Pakistani EnergyProjects
* Reuters is not responsible for the content in this press release.
The Sovereign Guarantee Document and Letters from the Pakistan Government Available on Bergamo Web Site LAS VEGAS--(Business Wire)-- Bergamo Acquisition Corp. (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. Certain statements contained in this document may constitute "forward-looking statements." When used in this document, the words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "investigate," "looking at" as they relate to Bergamo Acquisition Corp. or its management, are intended to identify forward-looking statements or information. Such forward-looking statements include, among others, the expectations or claims, as applicable, that: (i) Bergamo E&A will successfully develop power projects in Pakistan. Such statements or information reflect Bergamo E&A's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors could cause Bergamo E&A's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information, including among other things, those risk factors which are discussed elsewhere in documents that Bergamo E&A files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Bergamo Acquisition Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Bergamo Acquisition Corp. Hillard Herzog, 702-269-0820 President & CEO hillardbergamo@aol.com www.BergamoCorp.com or Investor Relations: Quarterback Investor Relations John Pentony, 972-292-8930 President John@QuarterbackIR.com or The Eversull Group, Inc. Jack Eversull, 972-378-7917 or 972-571-1624 President jgmaxie@theeversullgroup.com Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters